Federal Judge:  No Loss Of Tangible Property Triggering Insurer’s Duty To Defend

Mealey's (November 19, 2021, 9:56 AM EST) -- LEXINGTON, Ky. — A federal judge in Kentucky on Nov. 17 entered judgment in favor of an agribusiness insurer after granting its motion for summary judgment in its declaratory judgment lawsuit disputing coverage for underlying lawsuits in which the Kingdom of Denmark alleges that insureds were involved in a $2.1 billion “fraudulent tax-refund scheme.”...