Mealey's Banking & Finance - Court Erred In Ruling Class Action Against Broker Was Not Covered, Panel Says

Mealey's Banking & Finance - Court Erred In Ruling Class Action Against Broker Was Not Covered, Panel Says

MIAMI - A Florida appeals panel on April 9 found that a class action complaint seeking more than $168 million in damages against a mortgage broker insured is covered under a professional liability insurance policy, reversing and remanding a lower court's summary judgment ruling in favor of the insurer (Jerilynn Gidney and Michael Goldberg v. Axis Surplus Insurance Co., No. 3D12-1250, Fla. App., 3rd Dist.; 2014 Fla. App. LEXIS 5231).

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