Iowa High Court Upholds Judgment To Insurance Broker On Negligence Claim

Iowa High Court Upholds Judgment To Insurance Broker On Negligence Claim

DES MOINES, Iowa - Even if an insurance broker failed to provide timely notice of a claim by an insured, an underwriting exclusion precluded coverage to the insured, the Iowa Supreme Court ruled May 17, affirming summary judgment to the broker on breach of contract and negligence claims (Farm Bureau Life Insurance Co. v. Holmes Murphy & Associates Inc., No. 12-0650, Iowa Sup.; 2013 Iowa Sup. LEXIS 57).

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