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7th Circ. Nixes Insurer's $2.8M Loss For Declining TM Defense


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7th Circ. Nixes Insurer s $2.8M Loss For Declining TM Defense
Law360 (April 26, 2021, 10:17 PM EDT) The Seventh Circuit on Monday reversed a lower court s ruling doling out $2.8 million to a marker company after a judge determined that its insurer acted vexatiously in declining to cover its defense in a trademark dispute, with the panel finding that the marker company can t pursue damages beyond its insurance contract.
In a 14-page opinion, a three-judge panel unanimously found that Illinois-based Creation Supply Inc. s claim against Selective Insurance Company of the Southeast under Section 155 of the Illinois Insurance Code does not pass muster. Section 155 allows an insured party to go after its insurer for extracontractual damages if. ....

United States , Creation Supply Inc , Seventh Circuit , Illinois Based Creation Supply , Selective Insurance Company , Illinois Insurance Code , ஒன்றுபட்டது மாநிலங்களில் , படைப்பு விநியோகி இன்க் , ஏழாவது சுற்று , தேர்ந்தெடுக்கப்பட்ட காப்பீடு நிறுவனம் , இல்லினாய்ஸ் காப்பீடு குறியீடு ,