Panel: Business Enterprise Exclusion Bars Coverage For Conspiracy To Defraud Claims

Panel: Business Enterprise Exclusion Bars Coverage For Conspiracy To Defraud Claims

RICHMOND, Va. - A professional liability insurance policy's business enterprise exclusion precludes coverage for underlying conspiracy to defraud claims against a law firm insured, the Fourth Circuit U.S. Court of Appeals affirmed March 29 (MLM v. Antonelli Terry Stout & Kraus, et al., No. 10-2404, 4th Cir.).

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