policy rescission News

Insurers that rescinded general liability policies issued to landlords who misrepresented their exposure to lead paint claims owe no coverage to 12 plaintiffs who had not yet obtained final court judgments, Maryland’s high court ruled. The Court of Appeals on …

The Illinois Supreme Court recently held that the innocent insured doctrine was inapplicable to prevent rescission for an attorney’s misrepresentation in a renewal application notwithstanding the misrepresentation was made without the innocent partner’s knowledge. In Illinois State Bar Ass’n Mut. …