The Missouri Court of Appeals has affirmed summary judgment in favor of an insurer, holding that a policy’s insolvency exclusion barred indemnity coverage where facts established in the underlying arbitration established that the claim involved the refusal to pay benefits to the insured’s client by two investment trusts that the insured had recommended as investment vehicles to the client. Arch Ins. Co. v. Sunset Fin. Servs., Inc., 2015 WL 5704506 (Mo. Ct. App. Sept. 29, 2015).
Continue Reading Missouri Appeals Court Affirms That Insolvency Exclusion Bars Indemnity Coverage for Refusal to Pay