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Liberty, Ace Must Defend Hilco Appraisal Units, Ill. Court Says

By Bibeka Shrestha (March 17, 2014, 8:31 PM EDT) -- An Illinois appeals court ruled Monday that Liberty Surplus Insurance Corp. and an Ace Ltd. insurer had a duty under professional liability policies to defend two Hilco Trading LLC subsidiaries against claims that they "grossly inflated" loan collateral appraisals....

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