May 10, 2023
Allied World Specialty Insurance Co. breached its duty to defend a Texas water supplier and certain current and former board members accused of heavily discounting a parcel of land and selling it to another board member, the Fifth Circuit affirmed, finding a contractual liability exclusion in the supplier's policy was inapplicable.
June 15, 2022
Allied World Specialty Insurance Co. urged the Fifth Circuit Wednesday to reverse a Texas federal court and find that a contractual liability exclusion bars coverage for claims that board members of a water supplier made a bad land deal, causing losses of over $1 million.