Judge: Suit Arises Out Of Exclusion For ‘Insufficiency In The Amount Of Proceeds’

Mealey's (February 21, 2017, 4:24 PM EST) -- BALTIMORE — A Maryland federal judge on Feb. 17 found that coverage for an underlying lawsuit alleging that an insured was negligent in the provision of settlement services for the sale of a home is barred by a professional liability insurance policy’s exclusion for “insufficiency in the amount of the proceeds” (Resource Real Estate Services, LLC v. Evanston Insurance Co., No. 16-168, D. Md., 2017 U.S. Dist. LEXIS 22920)....

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