April 29, 2022
An investment firm and an insurance unit of The Hartford dropped a $2.5 million defense costs coverage dispute over a U.S. Securities and Exchange Commission investigation, the policyholder and the carrier told a California federal court on Friday.
December 17, 2021
A real estate investment firm urged a California judge to reject its insurer's demand that it repay $2.5 million in defense costs from a U.S. Securities and Exchange Commission investigation, arguing that its conduct did not trigger an illegal profit exclusion in its management liability policy.
November 19, 2021
Twin City Fire Insurance Co. told a California federal judge it should be reimbursed for the $2.5 million it spent defending an investor in a U.S. Securities and Exchange Commission investigation, claiming its excess liability policy barred coverage for illegal profits.