Aerojet-General Corp. v. Commercial Union

ELR Citation: ELR 20240
No(s). C051124 (Cal. App. 3d Dist. Sep 13, 2007)

The court holds that sums agreed to be paid as a settlement of litigation are not subject to indemnification as "damages" under excess liability insurance policies. The case arose after a rocket and missile manufacturer sued for breach of contract and declaratory relief against its excess liability ...