Estate Planner Wants Continental To Cover Fraud Action

Law360, New York (February 29, 2012, 3:29 PM EST) -- A Michigan financial planning company on Tuesday asked a federal judge to force Continental Casualty Co. to provide coverage in a fraud class action alleging the planning company illegally sold living trusts to seniors without the proper legal vetting.

Estate Planning and Preservation Inc. says Continental Casualty has refused to cover costs related to its defense in the lawsuit, even though the planning company’s policy says the insurer will cover class action claims.

Its original policy excluded class action claims, but that exclusion was later removed,...
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