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ACE AMERICAN INS. CO. v. GUARANTEED RATE

No. 360, 2022.

305 A.3d 339 (2023)

ACE AMERICAN INSURANCE COMPANY, Defendant Below, Appellant and Cross Appellee, v. GUARANTEED RATE, INC., Plaintiff Below, Appellee and Cross Appellant.

Supreme Court of Delaware.

Decided: September 14, 2023.

Attorney(s) appearing for the Case

John L. Reed, Esquire (argued), DLA PIPER LLP (US), Wilmington, Delaware; David Newmann, Esquire , Courtney Devon Taylor, Esquire , Victoria A. Joseph, Esquire , Brittany Armour, Esquire , HOGAN LOVELLS US LLP, Philadelphia, Pennsylvania; Robert J. Katzenstein, Esquire , SMITH KATZENSTEIN & JENKINS LLP, Wilmington, Delaware, for Defendant Below, Appellant and Cross Appellee ACE American Insurance Company.

Thomas E. Hanson, Jr., Esquire , William J. Burton, Esquire , BARNES & THORNBURG LLP, Wilmington, Delaware; Lilit Asadourian, Esquire (argued), Alice Kyureghian, Esquire , BARNES & THORNBURG LLP, Los Angeles, California; Aaron D. Lindstrom, Esquire , BARNES & THORNBURG LLP, Grand Rapids, Michigan, for Plaintiff Below, Appellee and Cross Appellant Guaranteed Rate, Inc.

Before SEITZ, Chief Justice; TRAYNOR and GRIFFITHS, Justices.

Management liability insurance policies provide insurance coverage for a variety of risks associated with running and managing a business. Professional liability policies cover specific risks for businesses that provide professional services. Guaranteed Rate, Inc., a mortgage lender, purchased both types of policies from ACE...

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