On August 26, 2019, the Eleventh Circuit Court of Appeals, applying Florida Law, held that ill-gotten gains do not constitute covered “loss” within the meaning of a D&O policy. In Philadelphia Indemnity Insurance Co. v. Sabal...more
11/19/2019
/ Appeals ,
Aviation Industry ,
Billing Rates ,
Commercial General Liability Policies ,
Corporate Executives ,
D&O Insurance ,
Denial of Insurance Coverage ,
Grand Theft ,
Indemnification ,
Insurance Claims ,
Insurance Litigation ,
Insurance Regulations ,
Municipalities ,
Policy Exclusions ,
Policy Terms ,
Premiums ,
Regulatory Violations ,
Reservation of Rights ,
Settlement Agreements ,
Summary Judgment ,
Workers' Compensation Claim ,
Wrongful Acts
“Related Claims” provisions in directors and officers (D&O) and errors and omissions (E&O) policies, while common, can spawn disagreement as to scope and application. ...more