Professional Liability Insurer Owes $3.8M For Settlement, Did Not Act In Bad Faith

(May 22, 2020, 12:58 PM EDT) -- PASADENA, Calif. — The Ninth Circuit U.S. Court of Appeals on May 21 held that a professional liability insurer did not act in bad faith but owes indemnification for the $3.8 million balance of a $4.3 million settlement of an underlying lawsuit alleging errors and omissions in the insureds’ management of a trust account (Bradley D. Sharp v. Evanston Insurance Company, et al., Nos. 18-56565 and 18-56566, 9th Cir., 2020 U.S. App. LEXIS 16232)....