Attorneys obtained an appellate court affirmance and defeated allocatur in the state Supreme Court in an insurance coverage case and bad faith case on behalf of an insurance company

Attorneys obtained an appellate court affirmance and defeated allocatur in the state Supreme Court in an insurance coverage case and bad faith case on behalf of an insurance company. Defendant's insured, an accountant, was sued by his client in a separate tort action regarding the alleged loss of client's savings by a life insurer who misappropriated the funds. Accountant had placed client with life insurer and received a commission. Defendant's policy excluded coverage for malpractice claims arising from investment advice where the accountant received compensation from the insurer of the security, and thus defendant argued that no coverage existed based on that exclusion. The trial court granted summary judgment in favor of defendant. An appeal followed; iInitially, the appellate court reversed, but then it granted defense attorney's Motion for Reconsideration. The accountant filed a petition for allocatur with the state Supreme Court which was then denied.