Mastrom, Inc. v. Continental Casualty Co.

EAGLES, Judge.

The dispositive question on appeal is whether damages caused by fraudulent investment activities of Mastrom, the insured, were covered under an accountant’s professional liability policy as damages “arising out of the performance of professional services for others in the insured’s capacity as an accountant or notary public.” We conclude that this policy language does not cover the conduct alleged, and affirm the judgment dismissing the action.

I

Mastrom, Inc. did business providing a range of accounting, tax, and financial management services, primarily to doctors and dentists.…