Commingling Exclusion Bars Professional Liability Coverage, Judge Rules

(June 19, 2018, 9:31 AM EDT) -- JACKSONVILLE, Fla. — A Florida federal judge on May 31 found that a commingling exclusion in a professional liability insurance policy precludes coverage for underlying theft and conversion claims brought by homeowners associations against its property management firm insured and its directors and officers (Philadelphia Indemnity Insurance Co. v. Stazac Management Inc., et al., No. 16-369, M.D. Fla., 2018 U.S. Dist. LEXIS 92567)....

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