King’s Cove Marina v. Lambert Commercial Construction/MN Supreme Court

  1. A commercial general liability insurance policy does not cover property
    damage to an insured’s own completed work under the plain language of a “your work”
    exclusion, which applies to work included in the “products-completed operations hazard.”
  2. A Miller-Shugart settlement agreement that does not allocate between claims
    that are covered and not covered by the insurance policy is not per se unreasonable and
    unenforceable against the insurer.
  3. Determining the reasonableness of an unallocated Miller-Shugart settlement
    agreement is a two-part inquiry that first examines the overall reasonableness of the
    settlement and then determines how a reasonable person in the position of the insured
    would have valued and allocated the covered and uncovered claims at the time of the
    settlement.

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