Underlying Liability Limits Not Exhausted, Washington Panel Rules, Affirms Dismissal

Underlying Liability Limits Not Exhausted, Washington Panel Rules, Affirms Dismissal

SEATTLE - A lower court did not err in granting summary judgment dismissal to two excess insurers in an investment management company insured's lawsuit seeking excess coverage for settlements and costs stemming from its fraudulent tax shelter strategy, a Washington appeals panel found Nov. 12 (Quellos Group LLC v. Federal Insurance Co., et al., No. 68478-7-I, Wash. App., Div. 1; 2013 Wash. App. LEXIS 2626).

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