Local 705, International Brotherhood of Teamsters Health & Welfare Fund v. Five Star Managers, L.L.C.

This appeal arises from a suit for declaratory judgment brought by plaintiff Local 705 International Brotherhood of Teamsters Health & Welfare Fund (H&W) against its insurer, Connecticut Specialty Insurance Company (Connecticut Specialty), and its insurer’s agent, Five Star Managers, L.L.C. (Five Star). The suit seeks declarations that H&W is entitled to coverage for losses totaling more than $20 million incurred pursuant to a settlement agreement reached in an underlying suit brought by H&W’s sister fund, the Local 705 International Brotherhood of Teamsters Pension Fund (the Pension Fund),…