Commercial Underwriters Insurance v. Hunt & Calderone, P.C.

This appeal arises from a declaratory judgment action regarding coverage under a professional liability, claims made insurance policy.

On May 8, 1997, Hunt & Calderone, P.C. (H&C), an accounting firm, filed a renewal application for professional liability insurance with Commercial Underwriters Insurance Company (CUIC). On May 9, Dian T. Calderone, a partner in H&C, realized that she had missed a filing deadline for one of the firm’s clients, Michael Atalay. Calder-one knew that her error could potentially result in a loss of a $125,000 tax credit for the client, but she did not think that a…