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U.S. Risk, LLC v. CHUBB Global Markets, Syndicate 2488

Court: ND Tx  01/19/2023  In Mixed Ruling, Court Holds Underwriter Owes Fiduciary Relationship to Lloyd's Syndicate

A court for the Northern District of Texas issued a mixed ruling on a Lloyd's syndicate's motion for summary judgment, holding that the syndicate's contracted underwriter owed fiduciary duties to the syndicate during the insured's application process for an employment practices liability insurance policy.

employment liability insurance policy, underwriting, insurance application, binding authority agreement, underwriting guidelines, fiduciary duty, declaratory relief, economic loss rule, breach of contract

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