Madoff Comparison Feud Isn't Insurable, Suit Says

Law360, New York (August 6, 2013, 2:42 PM EDT) -- Berkley National Insurance Co. told a Nevada federal judge Monday that it has no duty to cover a custom minter in a defamation lawsuit that accuses the company of creating a website comparing a real estate investment company's president to Ponzi schemer Bernard Madoff.

The insurer is providing a defense to Northwest Territorial Mint LLC, a minter of commemorative coins, in the underlying suit, but argues that there are no claims in the suit that would qualify the company for coverage under bodily injury, property damage,...
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