Panel: Insurance Broker Is Not Liable To Investor For Professional Negligence

Panel: Insurance Broker Is Not Liable To Investor For Professional Negligence

LOS ANGELES - An insurance broker wasn't liable to an investor who was unable to get coverage under a bankrupt real estate developer's business risk insurance policy for alleged vandalism and theft, a California appeals panel ruled April 17 (Travelers Property Casualty Company of America, et al. v. Superior Court of the State of California, County of Los Angeles, Nos. B243650 & B244334, Calif. App., 2nd Dist., Div. 3; 2013 Cal. App. LEXIS 295).

Find full version on lexis Advance®
Access this news story on lexis.com®