Coverage For CPA Denied In Pension Plan Fracas

Law360, New York (March 29, 2010, 8:04 PM EDT) -- Firmly differentiating between insurance and accounting activities, a federal judge has determined that accounting firm Trice Geary & Myers LLC cannot seek coverage from Camico Mutual Insurance Co. for claims arising from the sale of a problematic pension plan.

On Thursday, Judge William Quarles Jr. of the U.S. District Court for the District of Maryland granted summary judgment to Camico, finding that the policy acquired by TGM does not extend coverage to matters connected to the sale of a defined pension benefit plan because the plaintiff...
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