Meaning of Collapse
The insured hotel owner brought a breach of contract action against its property insurer alleging the insurer breached its policy by denying coverage for the collapse of the hotel. This case is Malbco Holdings, LLC v. AMCO Insurance Company, 719 F.Supp.2d 1311 (2010).
A jury in an underlying trial found that the insurer breached its insurance policy contract with Malbco Holdings by denying coverage for the collapse of a hotel and awarded damages to Malbco in the amount of $941, 268. The insurer moved for judgment as a matter of law, or in the alternative, for a new trial. The United States District Court in Oregon handled this action.
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