Erie Insurance Exchange v. EPC MD 15, LLC

The Supreme Court reversed the decision of the circuit court holding that EPC MD 15, LLC’s ability to control its subsidiary meant that, for insurance-coverage purposes, EPC acquired all of the subsidiary’s property under a coverage-extension provision in the commercial property policy issued by Erie Insurance Exchange, holding that the circuit court misinterpreted the coverage-extension provision in the policy.EPC was a named insurance on the policy issued by Erie. EPC claimed coverage for fire damages to a building owned by one of EPC’s subsidiaries, but the subsidiary was not a named insured, and no provision of the policy identified the subsidiary as an additional insured. The circuit court found that coverage existed for the loss and entered final judgment for EPC. The Supreme Court reversed, holding that the Erie policy did not cover the damaged property in this case. View "Erie Insurance Exchange v. EPC MD 15, LLC" on Justia Law