‘Specific Entity Exclusion’ Is ‘Ambiguous At Best,’Assignee Argues To 10th Circuit

(March 8, 2016, 4:57 PM EST) -- DENVER — An insured’s assignee has asked the 10th Circuit U.S. Court of Appeals to reverse a lower federal court’s ruling that found that coverage for an underlying $450,000 settlement is barred by an insurance policy’s “Specific Entity Exclusion” (P&S LLC v. National Union Fire Insurance Company of Pittsburgh, Pa., No. 15-1308, 10th Cir.).

P&S LLC entered into a membership agreement with luxury destination travel club Private Escapes Platinum LLC and paid $215,000 as a membership deposit. Before paying the deposit, P&S received confirmation that although...
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