Hertzka & Knowles v. Salter

Opinion

SIMS, J.

Plaintiff architects, as the assured under a certificate of errors and omissions insurance issued by Underwriters at Lloyd’s, London, have appealed from a judgment in favor of the underwriters in an action in which they sought to recover damages for breach of contract. The action followed tihe final determination and payment of $374,914.43, a sum in excess of the policy limits, in satisfaction of an owner’s claim for alleged breach of professional duty which had been made against the architects, and which had proceeded to arbitration at the instance of the underwriters, after…