Specialty Lines Advisory

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management liability

Broad Professional Services Exclusion Does Not Preclude Coverage for Investor Lawsuits

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 →

2016/02/02

Lawsuits, Filed Four Years Apart, Alleging Different Theories, Deemed Interrelated

Two lawsuits, filed four years apart and involving different theories of liability, involved Interrelated Wrongful Acts and constituted a single Claim first made outside the policy period. W.C. & A.N. Miller Dev. Co. v. Continental Casualty Company, No. 14-2327 (4th… Continue Reading →

2016/01/24

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