Criminal Conduct Exclusion Bars Coverage Of Suits Against Insurance Broker, Judge Says

Criminal Conduct Exclusion Bars Coverage Of Suits Against Insurance Broker, Judge Says

WEST PALM BEACH, Fla. - An insurance professionals errors and omissions policy's criminal conduct exclusion absolves the insurer of its duty to defend an insurance broker against two underlying lawsuits, a Florida federal judge ruled Nov. 7, granting the insurer's motion for final summary judgment (Certain Interested Underwriters at Lloyd's, London v. AXA Equitable Life Insurance Co., et al., No. 10-62061, S.D. Fla.; 2013 U.S. Dist. LEXIS 159639).

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