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Florida Court Allows Rescission of a Professional Liability Policy

In its recent decision in Zurich American Ins. Co. v. Diamond Title of Sarasota, Inc ., 2013 U.S. Dist. LEXIS 170981 (M.D. Fla. Dec. 4, 2013) [ enhanced version available to lexis.com subscribers ], the United States District Court for the Middle District of Florida had occasion to consider whether an...

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Insurer Held Not Liable for Losses Arising from the Insureds’ Alleged Ponzi Scheme Because Coverage Was Precluded By California Insurance Code Section 533

Dillon v. Continental Casualty Co. , 2014 U.S. Dist. LEXIS 41709 (N.D. Cal. Mar. 26, 2014), [ enhanced enhanced version available to lexis.com subscribers ]. In Dillon , the district court held that Insurance Code Section 533 (“Section 533”) [ enhanced version available to lexis.com subscribers...