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- Steadfast Insurance Co. v. AES Corp.
Litigation
Steadfast Insurance Co. v. AES Corp.
About this case
Documents
Filing Date
Type
Action Taken
Document
Summary
04/20/2012
Decision
Opinion issued reaffirming previous holding in favor of insurance company.
The Virginia Supreme Court reaffirmed its previous holding that an insurance company had no obligation to defend or indemnify an energy company against a lawsuit alleging that its greenhouse gas emissions led to the destruction of an Alaskan village. Upon rehearing, the court reaffirmed its prior holding, stating that the allegations by the village were that its damages were the result of the energy company's intentional actions and not an accident or other occurrence covered by the policy.
09/16/2011
Decision
Opinion issued.
On appeal, the Virginia Supreme Court affirmed that the insurance company had no duty to defend or indemnify the energy company. In its decision, the Supreme Court held that the relevant policies only provided coverage against claims for damages caused by an accident or occurrence, and said that the release of greenhouse gases did not qualify as either.
Summary
Action by insurance company seeking declaratory judgment that it was not obligated to defend or indemnify its policyholder in underlying litigation seeking climate change-related damages.