Insured Failed To Timely Report Claim Under Professional Liability Insurance Policy

(May 24, 2023, 4:23 PM EDT) -- COLUMBUS, Ohio — An Ohio appeals panel affirmed a lower court’s summary judgment ruling in favor of a professional liability insurer in an insured’s breach of contract and declaratory judgment lawsuit seeking coverage for its losses arising from a fraudulent wire transfer, finding that the insured failed to satisfy the policy’s reporting requirement....

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