No Possibility Of Coverage For Counterclaims Against Credit Union, Judge Says

Mealey's (April 7, 2020, 1:41 PM EDT) -- ST. LOUIS — A federal judge in Missouri on April 6 held that there was no possibility of coverage for any property damages potentially covered under a commercial general liability insurance policy because the underlying alleged "loss of use” damages against a credit union insured were not caused by an “occurrence,” further finding that there was no possibility of coverage for any “personal injury” damages because all alleged damages stemmed from the insured’s provision of credit union financial services that are unambiguously excluded from coverage (Anheuser Busch Employee Credit Union v. Travelers Property Casualty Company of America, et al., No. 18-1208, E.D. Mo., 2020 U.S. Dist. LEXIS 59933)....