Panel: Known Loss, Impaired Property Exclusions Bar Coverage For Tenant’s Suit

Mealey's (June 9, 2022, 1:45 PM EDT) -- PASADENA, Calif. — The Ninth Circuit U.S. Court of Appeals on June 8 affirmed a lower federal court’s finding that a tenant’s underlying lawsuit against an insured amounted to a known loss under a commercial liability insurance policy, further finding that the policy’s “impaired property” exclusion bars coverage....