Insurer Must Defend CPA In Pension Suits: 4th Circ.

Law360, New York (December 22, 2011, 10:03 PM EST) -- Camico Mutual Insurance Co. must defend Trice Geary & Myers LLC against negligence suits over advice the accounting firm gave on defined pension plans funded entirely by life insurance policies, the Fourth Circuit ruled Thursday, reversing a lower court's decision.

The Fourth Circuit ruled that an exclusion barring coverage for acts in which TGM was acting as an insurance agent or broker did not apply to the underlying suits because the claims centered around its tax and accounting advice, not assertions that it had acted as...
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