Insurers Off Hook In Qwest Employee Dishonesty Suit

Law360, New York (November 4, 2011, 6:34 PM EDT) -- A group of insurers does not have to cover Qwest Communications International Inc.'s legal costs in a $50 million case brought against the company and others over dishonest conduct by two former Qwest employees, a Colorado federal judge ruled Friday.

U.S. District Judge Richard P. Matsch said the insurance policies at issue covered only losses resulting directly from employee dishonesty, rather than losses indirectly resulting from dishonesty, and granted a motion for summary judgment from defendants QBE Corporate Ltd., Catlin Syndicate Ltd., Ace Capital Ltd. and...
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