This is the case of Colliers International – Atlanta LLC v. Maxum Indemnity Co., in the U.S. District Court for the Northern District of Georgia.
Colliers International – Atlanta LLC, a Canadian-based diversified professional services and investment management giant has been battling it out in federal court against its former insurer, Maxum Specialty Insurance Group (Maxum) a unit of The Hartford, over Collier’s request for more than $1 million it incurred in defending allegations that it failed to supervise a corrupt broker.
This week a federal judge in Georgia has ruled that Maxum had a contractual duty to defend Colliers against allegations that Colliers was liable for a corrupt broker until a court of competent jurisdiction found that the duty did not exist.
On Monday, U.S. District Judge Sarah E. Geraghty issued a summary judgment order finding that Maxum Indemnity Co. was obligated to defend Colliers in a Texas case that was prosecuted for nearly three years before Maxum obtained a declaration from a judge in a Georgia district court that says Colliers waited too long to report the lawsuit.
