SXSW Sues Insurance Company for Not Funding Defense in Class Action Lawsuit

SXSW 2020 banners are seen in the Red River Cultural District on March 6, 2020 in Austin Texas.Organizers of the annual South by Southwest festival in Austin are suing Federal Insurance Company for not covering the event's legal fees in an ongoing class action suit from attendees wanting thousands of dollars in refunds for last year's canceled event.filed a complaint Wednesday in the U.S.

Kennedy argues that South by Southwest's Federal Insurance policy includes liability coverage and requires the company to pay for SXSW's legal defense in the class action lawsuit, but Federal Insurance says there is language in the policy excluding coverage related to contractual disputes and professional services. Kennedy argues that Federal Insurance is misreading the contract and is still obligated to defend the organization against the conversion and unjust enrichment claims.

Kennedy is asking a district court judge to force the insurance provider to fund SXSW's legal defense and pay damages, interests and legals costs as a result of charges of breach of contract and violations of Texas' insurance codes.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

America’s Best Insurance Companies 2022Dek: It was the worst of times for many thanks to a global pandemic and climate change, but top insurance companies are doing just fine, thank you.
Source: Forbes - 🏆 394. / 53 Read more »

America’s Best Insurance Companies 2022Dek: It was the worst of times for many thanks to a global pandemic and climate change, but top insurance companies are doing just fine, thank you. Kha Diễm Kiều :) :D
Source: Forbes - 🏆 394. / 53 Read more »

7 passengers injured in Amtrak train crash that killed 3 sue train companiesSeven people injured when an Amtrak train derailed last month in rural Montana have filed federal lawsuits against Amtrak and BNSF Railway, alleging the companies were negligent in their duty to care for the passengers.
Source: CNN - 🏆 4. / 95 Read more »