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Insurance

Jul. 16, 2003

Jury Orders 22 Insurers to Pay $383 Million

LOS ANGELES - A San Francisco Superior Court jury Monday ordered 22 insurance companies to pay $383 million for refusing to indemnify Masonite Corp. in settlements the outdoor siding manufacturer reached with homeowners who alleged that its products were defective.

By Joan Osterwalder
Daily Journal Staff Writer
        LOS ANGELES - A San Francisco Superior Court jury Monday ordered 22 insurance companies to pay $383 million for refusing to indemnify Masonite Corp. in settlements the outdoor siding manufa...

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