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Our Results - 2012

Mar. 2012

David Rich of Todd & Weld Obtains $600,000 Settlement for Client Forced by Insurer to Defend Claim

David H. Rich, a partner with Todd & Weld LLP, has obtained a $600,000 settlement for the firm's client, a financial services company. The client obtained an Errors and Omissions Insurance policy through the defendants, two insurance brokerage firms. When a suit was brought against the client, the insurer declined coverage on the basis of a continuity date exclusion.

The client was forced to bear the significant cost associated with defending a claim that otherwise should have been covered by insurance. The client prevailed in defending the underlying lawsuit. The $600,000 settlement in this matter covered the legal expenses and costs of defending the suit.

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