Fiduciary Liability Policy Exclusion Does Not Bar Coverage, Panel Says In Reversal

Mealey's (April 9, 2021, 1:17 PM EDT) -- SAN FRANCISCO — The Ninth Circuit U.S. Court of Appeals on April 8 reversed a lower federal court’s ruling that a fiduciary liability insurance policy’s prior and pending proceeding exclusion precluded coverage for an underlying lawsuit brought against its retirement association insured, reversing and remanding....

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