Illinois State Bar Ass'n Mutual Insurance v. Coregis Insurance

Plaintiffs Munday & Nathan, an Illinois law firm, and their professional malpractice insurer, Illinois Bar Association Mutual Insurance Company (ISBA Insurance), appeal from the judgment of the circuit court, which granted summary judgment for defendant Coregis Insurance Company (Coregis). On appeal, plaintiffs argue that the circuit court erred in finding that an insurance policy issued by Coregis was void ab initio due to a material misrepresentation made by its insured in applying for the policy. For the following reasons, we find that, while the policy was not void ab initio, but,…