Judge Rejects Insurer's Contention That Contract, Fraud Exclusions Bar Coverage

Judge Rejects Insurer's Contention That Contract, Fraud Exclusions Bar Coverage

PROVIDENCE, R.I. - A Rhode Island federal judge on Aug. 2 found that a claimant has pleaded sufficient allegations to support the availability of corporate liability insurance coverage for an underlying intentional misrepresentation verdict, rejecting the insurer's reliance on the policy's contract and fraud exclusions in denying coverage (TranSched Systems Limited v. Federal Insurance Co., No. 12-939-M, D. R.I.; 2013 U.S. Dist. LEXIS 108736.)

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