Judge: Insurer Established That Exclusion Limits Coverage For Insured’s Loss

Mealey's (June 11, 2019, 2:50 PM EDT) -- TACOMA, Wash. — A Washington federal judge on May 31 granted an insurer’s motion to dismiss a lawsuit over the insured’s losses arising from fraudulently diverted funds, rejecting the insured’s argument that a policy exclusion relied on by the insurer is ambiguous (Tidewater Holdings Inc., et al. v. Westchester Fire Insurance Company, No. 18-6006, W.D. Wash., 2019 U.S. Dist. LEXIS 91584)....