Mealey's Insurance - Judge: No Breach Of Fiduciary Duty On Part Of Insurance Agents As No Coverage Exists

ABERDEEN, Miss. - Breach of fiduciary duty and negligent failure to procure claims against an insurance agency and agent fail because there was no insurance coverage for an underlying lawsuit against insureds, a Mississippi federal judge ruled March 24 (Gum Tree Property Management LLC, et al. v. The Nowell Agency Inc. and Greg Bost, No. 12-181, N.D. Miss.; 2014 U.S. Dist. LEXIS 38306).

Access this news story on lexis.com®