Wiley Rein: Retroactive Date Precludes Coverage Despite Insureds' Failure to Read Policy | Practical Law
This Law Firm Publication by Wiley Rein LLP discusses A.P. Pino & Assocs., Inc. v. Utica Mut. Ins. Co., (E.D. Pa. July 3, 2012). In this case before the US District Court for the Eastern District of Pennsylvania, the court held that under Pennsylvania law, a retroactive date in an errors and omissions liability policy precluded coverage despite the insureds' mistaken understanding regarding the scope of coverage. The publication discusses the case's factual background and the court's ultimate legal holdings.