Panel: No Professional Liability Coverage For $1.5M Judgment Against Escrow Agency

(July 27, 2018, 2:30 PM EDT) -- CINCINNATI — The Sixth Circuit U.S. Court of Appeals on July 26 affirmed a lower federal court’s ruling in favor of a professional liability insurer in a coverage dispute over a $1,546,986 judgment against a title and escrow agency insured arising from claims that it erroneously transferred a real estate investor’s funds, finding that the policy’s known circumstances exclusion bars coverage (Alterra Excess & Surplus Co. v. Excel Title Agency, et al., No.17-2186, 6th Cir., 2018 U.S. App. LEXIS 20783)....

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