‘Specific Entity Exclusion’ Bars Coverage For $450,000 Settlement, Panel Affirms
Mealey's (May 25, 2016, 12:28 PM EDT) -- DENVER — The 10th Circuit U.S. Court of Appeals on May 24 affirmed a lower federal court’s ruling that coverage for an underlying $450,000 settlement is barred by an insurance policy's "Specific Entity Exclusion" and, therefore, the insurer has no duty to defend or indemnify against the underlying claims (P&S LLC v. National Union Fire Insurance Company of Pittsburgh, Pa., No. 15-1308, 10th Cir.).
(Order and judgment available. Document #13-160602-016R.)
P&S LLC entered into a membership agreement with luxury destination travel club Private Escapes...