Federal Judge Adopts Report, Rules In Insureds’ Favor In D&O Coverage Dispute

Mealey's (February 1, 2021, 9:36 AM EST) -- WEST PALM BEACH, Fla. — A federal judge in Florida on Jan. 27 adopted a magistrate’s recommendation to grant nursing home owner insureds’ motion for summary judgment and deny a directors and officers liability insurer’s cross-motion for summary judgment in a coverage dispute arising from claims that the insureds breached fiduciary and statutory duties and caused physical and monetary injuries to one of their residents, rejecting the insurer’s argument that the professional services exclusion bars coverage....