Financial Strategy Group, PLC v. Continental Casualty Company

KETHLEDGE, Circuit Judge.

Financial Strategy Group (“FSG”) argues that Continental Casualty Company breached its insurance policy when it refused to defend or indemnify FSG in two state-court lawsuits. The district court dismissed this action for failure to state a claim. We affirm.

FSG prepares tax returns for clients. In 2008, FSG bought professional-liability insurance from Continental. The insurance policy said that Continental would defend FSG against claims arising from its tax-preparation services and, if necessary, pay the claims. But the policy excluded claims “based on, arising out of…