Judge: Exclusion Bars Professional Liability Coverage In Dispute Over Land Value

Mealey's (April 9, 2019, 1:52 PM EDT) -- LAS VEGAS — A Las Vegas federal judge on April 5 found that a professional liability insurance policy exclusion clearly bars coverage for appraisals of vacant land purchased for the proposed purpose of building large condominium developments and that the undisputed facts established that the insured valued the land based on a zoning variance that would have allowed its owner to build a condominium high rise (Martin S. Rood v. Liberty Insurance Underwriters, Inc., No. 16-002586, D. Nev., 2019 U.S. Dist. LEXIS 59462)....