Insurer’s Coverage Denial Was Not Unreasonable, Federal Judge Says

(May 11, 2018, 9:11 AM EDT) -- BOSTON — A Massachusetts federal judge on May 2 said that an insurer’s denial of coverage does not rise to the level of bad faith because the denial of coverage for an underlying suit arising out of the mismanagement of an investment fund, which was ultimately proven to be incorrect, was not unreasonable (Scottsdale Insurance Co. v. Timothy Byrne, et al., No. 16-11435, D. Mass., 2018 U.S. Dist. LEXIS 73974)....

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