Panel: Professional Liability Insurer Is Equitably Estopped From Denying Coverage

(April 21, 2017, 1:09 PM EDT) -- DENVER — The 10th Circuit U.S. Court of Appeals held April 18 that an insurer is estopped from denying coverage under a professional liability insurance policy for an underlying arbitration brought against an investment advisor insured, affirming a lower court’s $931,859.59 judgment in favor of the insured (Brecek & Young Advisors, Inc. v. Lloyds of London Syndicate 2003, No. 16-3245, 10th Cir., 2017 U.S. App. LEXIS 6585)....