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Expert Analysis

Claims Related To A Broker's Bankruptcy: A Case Study

Law360 (May 4, 2010, 12:23 PM EDT) -- The U.S. District Court for the District of Connecticut, applying Connecticut law, has held that coverage under a bankers professional liability policy was precluded by the policy's insolvency exclusion where the underlying claims "arose out of" the bankruptcy of a third-party securities broker or dealer. Associated Community Bancorp Inc. v. The Travelers Cos., 2010 WL 1416842 (D. Conn. Apr. 8, 2010)....

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