Leflet v. Redwood Fire & Casualty Insurance

SWANN, Judge.

¶ 1 In this construction defect class action, the Plaintiff homeowners entered into a settlement agreement with the Defendant developer, Hancock Communities, LLC, and HC Builders, Inc., (collectively, “Hancock”) and two of Hancock’s insurers: Commercial Underwriters Insurance Company (“CUIC”) and Clarendon America Insurance Company (“Clarendon”) (collectively, the “Direct Insurers”). Invoking United Services Automobile Ass’n v. Morris, 154 Ariz. 113, 121, 741 P.2d 246, 254 (1987), the developer and its insurers stipulated to an $8.475 million judgment against them and assigned to…