Financial Services Exclusion Bars Coverage, Federal Judge Rules Following Remand

Mealey's (March 16, 2017, 12:55 PM EDT) -- SANTA ANA, Calif. — A California federal judge on March 13 held that an insurance policy’s financial services exclusion precludes coverage for an underlying lawsuit alleging Lanham Act and unfair competition claims against an insured, further finding that the underlying claims asserting that the insured illegally charged up-front fees to homeowners seeking mortgage advice are uninsurable under California law (First One Lending Corporation, et al. v. The Hartford Casualty Insurance Co., et al., No. 13-01500, C.D. Calif., 2017 U.S. Dist. LEXIS 36548)....