Federal Judge: Intellectual Property Exclusion Bars Coverage For Trade Secret Suit

Mealey's (April 1, 2019, 4:54 PM EDT) -- ORLANDO, Fla. — Granting an insurer’s motion to dismiss an insured’s breach of contract lawsuit, a Florida federal judge held March 20 that a business and management indemnity insurance policy’s intellectual property exclusion bars coverage for underlying claims that the insured misappropriated trade secret data (Benjamin & Brothers, LLC v. Scottsdale Indemnity Company, No. 18-1807, M.D. Fla., 2019 U.S. Dist. LEXIS 45483)....