Admiral Fights Coverage For Law Firm's Defense

Law360, New York (November 22, 2010, 6:44 PM EST) -- Admiral Insurance Co. has asked a federal court to declare it has no duty to defend or indemnify Maryland law firm Garza Regan & Associates PC against Ivanhoe Investment Partners LP's lawsuit accusing the firm of failing to protect funds placed in an escrow account as part of a real estate investment scheme.

The insurance company filed an amended complaint Thursday in the U.S. District Court for the District of Maryland, asserting that two exclusions in the professional liability policy it issued to the firm preclude...
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