Acordia of Virginia Insurance Agency, Inc. v. Genito Glenn, L.P.

This appeal arises from the alleged failure of the appellant, Acordia of Virginia Insurance Agency, Inc. (Acordia), to include the appellee, Genito Glenn, L.P. (Genito), as a named insured on a builders risk insurance policy. Because we conclude that another entity acted as Genito’s agent in procuring that insurance policy through Acordia, thereby establishing privity between Genito and Acordia, we will affirm the circuit court’s judgment allowing Genito to recover damages for economic losses resulting from Acordia’s negli gent performance of its contractual obligations. However, we will…