Travelers Casualty Insurance Co. did not owe a duty to defend or indemnify its insured, CBIZ Borden-Perlman Insurance Agency, Inc., in a tort action in which Republic, as another insurer of B-P, bore the litigation and settlement costs, a federal appeals court has ruled.

The U.S. Court of Appeals for the Third Circuit affirmed a New Jersey district court grant of summary judgment to Travelers.

The appeals court explained that its ruling is co

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