In Verizon Communications Inc. v. National Union Fire Insurance Co. of Pittsburgh, Pa. the Delaware Superior Court ruled that Verizon was entitled to a defense under its D&O policy for fraudulent transfer claims. Although the...more
6/4/2021
/ Commercial Bankruptcy ,
Corporate Counsel ,
D&O Insurance ,
Debtors ,
Defense Costs ,
Denial of Insurance Coverage ,
Derivative Suit ,
Fraudulent Transfers ,
Insurance Claims ,
Insurance Industry ,
Insurance Litigation ,
Policy Exclusions ,
Policy Terms ,
Securities Fraud ,
Subsidiaries ,
Verizon
Nonprofit organizations—and their directors and staff—are not immune to claims in difficult economic times. Identifying risks and choosing the right insurance can be critical to the organization’s mission and financial...more
Two phrases combined in a single exclusion—“alleging, arising out of, based upon or attributable to any violation of any law…” and “as respects… unfair trade practices” could inspire carriers to make trouble for policyholders...more
2/3/2021
/ Admissible Evidence ,
Class Action ,
Consumer Protection Laws ,
D&O Insurance ,
Denial of Insurance Coverage ,
False Advertising ,
Insurance Claims ,
Insurance Litigation ,
Policy Exclusions ,
Unfair Competition Law (UCL) ,
Unfair or Deceptive Trade Practices
Over the last few weeks we have seen a number of informative articles discussing the crucial issue of coverage for business interruption claims arising out of government shutdowns of businesses to inhibit the spread of...more
I recently participated in a panel at the Association of Business Trial Lawyers Annual Meeting – “Bad News Delivered: The Board Meeting and Crisis Management.” Among other topics, the panel discussed the role of insurance...more
I recently participated in a negotiation with an insurer who had denied coverage for an underlying errors and omissions claim in the mid-seven figures. The insurer’s counsel and I exchanged stern letters, each explaining why...more
Farella’s Insurance Recovery Group lawyers regularly collaborate with and learn from different players and functions within the insurance industry. To provide more value to our readers, we have reached out to a series of...more