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THE INSURANCE CONTRACT - Interpretation - Coverage provisions and exclusion clauses

Tuesday, October 31, 2017 @ 8:42 AM  

Appeal by the petitioner, Coast Capital Savings Credit Union, from an order refusing to find an indemnity obligation owed by the respondents, the Liberty Mutual insurers. The petitioner was a defendant in a class proceeding alleging it imposed unlawful surcharges on members' foreign currency transactions. The claim alleged a failure to properly disclose those surcharges and a breach of the petitioner's contractual obligations to its members. The petitioner took the position that any such charges were authorized under the account agreement and/or, were not deceptive, and/or...