Great American Insurance Co. found itself free from coverage obligations in a recent ruling by the Ninth Circuit. The case involved a treasure hunter who argued that his former associates had neglected to hand over maps and other intellectual property post their partnership dissolution. A $7.5 settlement was the crux of the issue, with the ruling favoring the insurance company due to the treasure hunter’s inability to establish insurable, accidental conduct in his claims.
Law360 went into detail about the case, highlighting the intricacies of the arguments and the consequential ruling.