Arbitrator Finds Insurance Coverage For Land Use Fiasco
Famous for its big wave surfing, the City of Half Moon Bay got hit with a big one a while back, when it committed to pay $18M as a legal settlement to a private developer. That’s a “big wave” for a city reported to have a population of 11,324 in the 2010 census. Finding coverage for at least part of the problem, retired Supreme Court Justice, Edward Panelli, acting as arbitrator, has now awarded $10M to the City against Insurance Company of the West. So reports Aaron Kinney on September 21, 2012, in the San Mateo County Times.
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