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Judgment in Lloyd's syndicate case partially reversed



A federal appeals court partially overturned a lower court decision on Friday in favor of Lloyd's syndicate in a dispute over a benefit plan for third-party administrators' errors and omission coverage. KG Administrative Services Inc., according to Friday's decision of the 6th U.S. Circuit Court of Appeals in Cincinnati Some underwriters at Lloyd & # 39 ;s of London v. KG Administrative Services Inc.

; s had written for the period 1 January 2019 to 1 January 2020.

Before Lloyd's policy for 2018-2019 for the period 2019-2020 was renewed, three lawsuits were filed against KG. As part of his application for renewal, KG's president had submitted a "guarantee statement" stating that he had no knowledge of any event that could give rise to a claim. in Akron, Ohio, with a request for the repeal of the 201

9-2020 policy and a declaration that it had no obligation to defend KG. decision. Focusing on one of the trials, the majority view said that the "key question" was whether the guarantee statement was a real guarantee as opposed to just a "representation." best understood as an "expression of personal belief or opinion", so that it was only a representation. "

The decision states that there is a" substantive issue "regarding the date of service of that lawsuit.

It upheld the lower court's decision on the other two trials and claimed that they fall under the previous policy.

that it deviates "from
the conclusions drawn by the majority on issues not raised by the appellant and supported by arguments never put forward by the appellant.

Lawyers in the case did not respond to a request for comment.

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