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Calif. Ruling Protects Brokers From Disgruntled Outsiders

By Bibeka Shrestha (April 18, 2013, 9:54 PM EDT) -- A California appeals court held Wednesday that an insurance broker wasn't liable to an investor who was unable to get coverage under a bankrupt real estate developer's policy for alleged vandalism and theft, a precedential ruling that helps shelter brokers from breach of duty claims brought by nonclients....

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