Interstate Seeks $5M Coverage Refund From Insurers

Law360, New York (August 9, 2011, 6:31 PM EDT) -- Interstate Fire & Casualty Co. sued Kluger Peretz Kaplan & Berlin PL and two insurers in Florida federal court on Tuesday, seeking to recover $5 million it tendered to help the firm settle malpractice allegations.

Interstate alleges that KPKB’s policies with Axis Insurance Co. and a unit of The Chubb Corp. hadn’t been exhausted, and should have kicked in to cover the firm in underlying actions.

KPKB faced claims of inadequate representation and breach of duty of loyalty in connection with the bankruptcy of 1031 Tax...
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