Greenwood Insurance Group, Inc. v. United States Liability Insurance Co.

OPINION

SHERRY RADACK, Chief Justice.

The issue before the Court is whether an insurance broker’s professional liability policy provides coverage to the broker for two suits brought against the broker by its client, based on the broker’s procurement of coverage for the client from an insurer that subsequently became insolvent. To decide this issue, we must examine an insolvency exclusion in the professional liability policy. The trial court, after reviewing the policy, concluded that it provided no coverage to the broker and granted summary judgment in favor of the broker’s insurer. We affirm.

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