The United States Court of Appeals for the Ninth Circuit, applying California law, has affirmed a district court’s determination that California Insurance Code § 533 barred indemnity and defense costs coverage for a lawsuit...more
4/17/2025
/ Appeals ,
Breach of Duty ,
Business Litigation ,
California ,
Duty to Defend ,
Fiduciary Duty ,
Indemnity ,
Insurance Claims ,
Insurance Industry ,
Insurance Litigation ,
Policy Exclusions ,
Professional Liability Insurance ,
Section 553 ,
Willful Misconduct
The United States District Court for the Central District of California, applying California law, has held that a lending exclusion in a bankers professional liability policy barred coverage for underlying lawsuits alleging...more
1/20/2025
/ Banking Sector ,
Denial of Insurance Coverage ,
Exclusions ,
Financial Institutions ,
Fraud ,
Insurance Claims ,
Insurance Industry ,
Insurance Litigation ,
Loan Servicing ,
Ponzi Scheme ,
Professional Liability Insurance
The United States Court of Appeals for the Second Circuit, applying New York law, has held that a letter asserting legal liabilities and threatening litigation constitutes a claim first made prior to the policy period.
The...more
The United States District Court for the Northern District of Illinois, applying Illinois law, has granted a legal professional liability insurer’s motion for summary judgment, holding that its claims-made policy did not...more
The United States District Court for the Southern District of Mississippi, applying Mississippi law, has held that a federal employee professional liability policy insurer’s duty to defend was unambiguously triggered by...more