Real Estate Property Managed Endorsement Rendered Policies Excess, Judge Rules
Mealey's (November 7, 2016, 9:25 AM EST) -- SACRAMENTO, Calif. — A California federal judge on Nov. 2 held that a Real Estate Property Managed endorsement rendered an insurer’s policies excess with respect to an underlying personal injury claim, finding that the insurer has no duty to defend or indemnity its property manager insured (Atain Specialty Insurance Co. v. Sierra Pacific Management Co., et al., No. 14-00609, E.D. Calif.; 2016 U.S. Dist. LEXIS 152874).
(Order available. Document #13-161117-011R.)
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