Earlier this month, the 9th U.S. Circuit Court of Appeals held that an Insured v. Insured Exclusion barred coverage for claims brought by the FDIC as receiver for a failed financial institution. Last week, Judge William E. Smith in the… Continue Reading →
A management liability policy’s professional services exclusion, encompassing a wide range of investment management services, did not preclude coverage for lawsuits brought by investors in failed investment firm. Carlyle Investment Mgt., LLC, et al. v. ACE American Insurance Company, et… Continue Reading →
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