Gerrard Realty Corp. v. American States Insurance

The appellant, Gerrard Realty, is a Wisconsin corporation engaged in the real estate brokerage business. The respondent, American States Insurance Co., insures Gerrard Realty pursuant to the terms and conditions of a “Real Estate Agents’ Errors and Omissions Policy.” The appeal challenges the lower court’s judgment in relieving the respondent from liability under the terms of the insurance policy. The basis of the lower court’s decision was the finding that the appellant failed to give American States Insurance Co. (hereinafter insurance company) timely notice of an insurable claim based upon…