Insurer Has No Duty To Remit $398,243.77 In Garnished Funds, Panel Say, Reverses

(August 16, 2016, 7:09 AM EDT) -- DENVER — A Colorado appeals panel on July 28 reversed a lower court’s judgment ordering an insurer to remit garnished funds to satisfy an underlying $398,243.77 judgment against its insured, finding that professional liability coverage is barred because a negligence claim against the insured is not independent of the misappropriation of escrow funds by the insured’s employee (Stewart Title Guaranty v. RSUI Group, No. 15CA0635, Colo. App.)....

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