‘Safeguard’ Exclusion Does Not Bar Coverage, Insured Argues To Florida High Court
(November 18, 2015, 9:49 AM EST) -- TALLAHASSEE, Fla. — An insured asked the Florida Supreme Court on Sept. 30 to overturn an appeals court majority’s ruling that held that the alleged negligent disbursement of $1.5 million from a trust account in a real estate transaction was barred from coverage by the “safeguard” exclusion in a professional liability insurance policy (Beatriz A. Llorente, P.A., et al. v. St. Paul Fire and Marine Insurance Co., No. SC15-508, Fla. Sup.).