Judge: Insurer Did Not Act In Bad Faith In Denying Coverage Under Policy

(August 5, 2016, 1:19 PM EDT) -- SALT LAKE CITY — Voluntary dismissal of a counterclaim seeking declaration that an insurer had no duty to defend or indemnify policy holders in an underlying lawsuit is proper, a federal judge Utah ruled Aug. 1, because the insurer owed its insured no coverage under the terms of a financial services liability insurance policy and, thus, could not have acted in bad faith (James Morden, et al. v. XL Specialty Insurance Co., No. 14-0224, D. Utah; 2016 U.S. Dist. LEXIS 100546).

(Opinion available. Document #07-160808-025Z.)...
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