Panel Affirms Negligence Suit Not Covered Under Professional Liability Policy

PASADENA, Calif. - The Ninth Circuit U.S. Court of Appeals on March 12 affirmed a lower court's ruling that an underlying negligence lawsuit against an insured is not covered under a real estate agent and broker professional liability insurance policy because the insured failed to comply with the policy's 30-day reporting requirement (RE/MAX Mega Group v. Maxum Indemnity Company, No. 11-55142, 9th Cir.; 2012 U.S. App. LEXIS 5117).

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