Marsh Hit for Failing to Procure Insurance: Appellate Court Upholds Big Verdict

The U.S. Circuit Court of Appeals for the Fifth Circuit just upheld a $7.8m verdict against Marsh wherein the broker was found liable by a trial court for failing to procure a design professional liability policy, as part of wrap-up coverage, for a Nevada steel engineering subcontractor working on the Aladdin Hotel. The case is here.