Real Estate Property Managed Endorsement Rendered Policy Excess, 9th Circuit Affirms

(March 16, 2018, 2:17 PM EDT) -- SAN FRANCISCO — The Ninth Circuit U.S. Court of Appeals on March 13 affirmed a lower federal court’s finding that a real estate property managed endorsement rendered an insurer's policies excess with respect to an underlying personal injury claim and, therefore, the insurer has no duty to defend or indemnity its property manager insured (Atain Specialty Insurance Co. v. Sierra Pacific Management Co., et al., No. 16-17221, 9th Cir., 2018 U.S. App. LEXIS 6232)....