Panel Affirms Ruling In Insurers’ Indemnification Dispute Over $1M Appeal Bond

( January 17, 2025, 11:38 AM EST) -- RICHMOND, Va. —The Fourth Circuit U.S. Court of Appeals affirmed a lower federal court’s grant of summary judgment in favor of a plaintiff insurer alleging a defendant insurer breached their indemnity agreement for a $1 million appeal bond, rejecting the defendant insurer’s argument that it has no duty to indemnify under the equitable estoppel theory....