Panel: Professional Services Exclusion Bars CGL Coverage For Defamation Suit

(December 12, 2023, 9:09 AM EST) -- PHILADELPHIA — The Third Circuit U.S. Court of Appeals affirmed a lower federal court’s ruling in favor of a commercial general liability insurer in an errors and omissions insurer’s lawsuit seeking a declaration that the CGL insurer has a duty to defend their mutual insured against an underlying defamation lawsuit, finding that the CGL policy’s financial professional services exclusion bars coverage....