Excess Insurer Owes Coverage For Scholastic’s Settlement With Vanderbilt University

( November 11, 2026, 8:22 AM EST) -- NEW YORK — The Second Circuit U.S. Court of Appeals affirmed a lower court’s summary judgment ruling in favor of Scholastic Inc. in its lawsuit seeking excess professional liability coverage for the remaining portion of a settlement amount reached with Vanderbilt University in an underlying trademark infringement and breach of contract action, holding that coverage was triggered because the underlying settlement was caused by the insured’s rendering of its professional services....