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Gavel and American flag Pacific Indemnity Company and Federal Insurance Company refused to reimburse their customer for the costs of her legal defense or for the settlement amount, so she filed suit for breach of the homeowner’s and excess insurance policies. (Photo: Fotolia)

This story is reprinted with permission from FC&&S Legal, the industry’s only comprehensive digital resource designed for insurance coverage law professionals. Visit the website to subscribe.

A federal district court in Connecticut has ruled that a victim of the Madoff Ponzi scheme could not recover from her insurer the $3.375 million she paid to settle claims brought by the Madoff bankruptcy trustee, or the nearly $800,000 in attorney’s fees she spent in litigation with the trustee.

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