Ysabelle Reyes (Wiley Rein LLP): No Coverage for Lawsuit Alleging Intentional Conduct to Circumvent Estate Plan (February 22, 2021)

Ysabelle Reyes, of Wiley Rein LLP, has made available for download her article, No Coverage for Lawsuit Alleging Intentional Conduct to Circumvent Estate Plan, published in JDSUPRA. The abstract is as follows:

The United States District Court for the Northern District of Illinois, applying Illinois law, has held that a professional liability insurer had no duty to defend or indemnify an employee of its insured realty management company where the underlying allegations were based on the employee’s alleged intentional conduct in circumventing an estate plan. Those Certain Underwriters at Lloyd’s, London, Severally Subscribing to Policy No. MPL-0000343-01 v. Karris, 2021 WL 493038 (N.D. Ill. Feb. 10, 2021).

Click here to view Ysabelle Reyes’s summary of No Coverage for Lawsuit Alleging Intentional Conduct to Circumvent Estate Plan

Posted by Jessica Ji, Associate Editor, Wealth Strategies Journal.