Opinion ID: 751607
Heading Depth: 1
Heading Rank: 5

Heading: Summarizing

Text: 42 Summarizing, Exclusion E is fraught with ambiguities. We are uncertain of the meaning of coverage placed or obtained; uncertain of the meaning of client or account, and uncertain whether there must be a relationship or nexus between a claim asserted in the Pennsylvania case and not paid because of insolvency and coverage placed or obtained or underwritten by A & A. The district court erred in granting summary judgment to Lloyd's on the ground that Exclusion E unambiguously excluded all relevant coverage. And the court erred in not inquiring into the meaning of Exclusion E viewed objectively by a reasonable person who has examined it in context, cognizant of the customs, practices, usage and terminology of the particular trade or business. 43 REVERSED and REMANDED.