MANION, Circuit Judge – 7th Circuit
RLI Insurance Company (“RLI”) filed a declaratory judgment action seeking a determination of its obligation, if any, to defend Conseco, Inc., and various individual defendants (collectively “Conseco”) under a liability insurance policy RLI issued to Conseco. The district court entered summary judgment in favor of RLI concluding that RLI was released from any duty to defend and entitled to indemnification. Conseco appeals.
Conclusion (slip op. at 16): The district court did not err in its interpretation of the Supplemental Agreement because there was no latent ambiguity. Moreover, RLI did not have a duty to defend Conseco in Russell because Russell was a “claim for coverage . . . in any way related to . . . the Securities action.” Therefore, RLI was entitled to indemnification and reimbursement. Finally, Conseco waived its “mend the hold” challenge to the district court’s denial of its breach of good faith and fair dealing claim. We affirm.