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claims

Receiver’s Claims Against Former Officers Not Barred by Insured v. Insured Exclusion

Earlier this month, the 9th U.S. Circuit Court of Appeals held that an Insured v. Insured Exclusion barred coverage for claims brought by the FDIC as receiver for a failed financial institution. Last week, Judge William E. Smith in the… Continue Reading →

No Indemnity Coverage for Facebook IPO Claims Under D&O Policy

A professional services exclusion in a D&O policy barred indemnity coverage for securities lawsuits arising out of NASDAQ’s system failures on the day of Facebook’s initial public offering according to a New York federal judge in Beazley Ins. Co. v…. Continue Reading →

Failure to Comply with Claim Reporting Requirements Scraps Insured’s Claim for Coverage

In The University of Pittsburgh v. Lexington Ins. Co., et al., the U.S. District Court for the Southern District of New York, interpreting Pennsylvania law, found that an insured’s failure to meet a policy’s potential claim reporting requirements barred coverage… Continue Reading →

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