• Financial Services Exclusion and Insurance Code Section 533 Bar Coverage for Fraudulent Mortgage Modification Program
  • May 22, 2017 | Author: David M. Plouff
  • Law Firm: Morris Polich & Purdy LLP - San Diego Office
  • A California federal district court held that no personal and advertising injury coverage was available to the insured for an underlying action alleging a mortgage modification scam because the policy’s financial services exclusion unambiguously barred coverage for the management and administration of mortgage plans. Insurance Code section 533 also applied.