PORTLAND, Ore. - The Ninth Circuit U.S. Court of Appeals on Oct. 21 affirmed a lower court's finding that an executive and organization liability insurance policy's insured-vs.-insured exclusion is inapplicable, further holding that the insurer has no duty to defend its insured under the policy's securities claims coverage (Daryl J. Kollman, et al. v. National Union Fire Insurance Company of Pittsburgh, PA, et al., Nos. 08-36017 and 08-36019, 9th Cir.; 2013 U.S. App. LEXIS 21304).