Legal Opinion
Paros Properties LLC v. Colorado Casualty Insurance
Court of Appeals for the Tenth Circuit
Decided August 29, 2016No. 15-1369PublishedCited by 43 opinions
1Opinion of the Court
HARTZ, Circuit Judge.
I. INTRODUCTION
A mudslide destroyed a commercial building (the Building) in Boulder, Colorado, owned by Paros Properties LLC (the Owner) and insured under a policy (the Policy) issued by Colorado Casualty Insurance Company (the Insurer). The Owner filed an insurance claim but the Insurer denied payment because damage from mudslides is excluded from policy coverage. The Owner then filed a state-court suit seeking payment under the Policy and damages for bad-faith breach of the insurance contract. It argued that the mudslide caused the building to explode, bringing the…
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