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Corporation’s Directors and Officers Not Covered for Related Claims Not Reported Under Earlier D&O Liability Policy
The Seventh Circuit Court of Appeals recently affirmed an insurance company’s denial of a claim for coverage under a directors and officers liability insurance policy when the company and officers did not notify the insurance carrier of an earlier claim against the...
MAY AN INSURANCE COMPANY USE ITS INSURED’S NOLO CONTENDERE PLEA TO ESTABLISH THAT A CRIMINAL ACT OCCURRED SO AS TO TRIGGER AN INSURANCE POLICY’S “CRIMINAL ACTS EXCLUSION”?
Most liability insurance policies include a provision that requires the insurance company to defend the insured – that is, hire an attorney to represent the insured and pay the insured’s legal fees and expenses incurred in defense -- when a lawsuit filed against the...