Insurer Must Reserve Rights For Noncoverage: Court

Law360, New York (May 5, 2010, 1:24 PM EDT) -- In a dispute arising from insurance coverage for a Ponzi scheme, Georgia's highest court has ruled that insurers that take up the litigation defense of an insured must explicitly reserve their rights to later assert the defense of noncoverage or risk getting stuck with the insured's bill.

The Supreme Court of Georgia handed down its ruling on Monday in response to a set of questions certified to it by the U.S. Court of Appeals for the Eleventh Circuit in a coverage dispute between World Harvest Church...
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