E&O Policy’s $3M Per Claim Limit Applies, 9th Circuit Affirms In Coverage Dispute

Mealey's (February 6, 2023, 2:36 PM EST) -- SAN FRANCISCO — The Ninth Circuit U.S. Court of Appeals on Feb. 3 affirmed a federal court’s summary judgment ruling in favor of an insurer in a breach of contract lawsuit seeking errors and omissions coverage for the insured’s defense costs and damages stemming from a $5.7 million arbitration award, further affirming the court’s finding that the insurer is entitled to summary judgment on its restitution counterclaim....