Specialty Lines Advisory

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D&O

No Coverage For Contempt Proceeding Under Lawyer’s Professional Liability Policy

By Lindsey Dean Although an award of sanctions against an attorney can be very costly to the attorney, the Eleventh Circuit’s recent opinion in Jones, Foster, Johnston & Stubbs, P.A. v. ProSight-Syndicate 1110 At Lloyd’s, no. 15-12399, 2017 WL 586450… Continue Reading →

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 →

9th Circuit Holds Insured v. Insured Exclusion Bars Coverage for FDIC Receiver’s Failed Bank Claims

In a decision that follows on the heels of a wave of divergent opinions from courts across the country, the 9th U.S. Circuit Court of Appeals held that an Insured v. Insured Exclusion (I v. I Exclusion) in a directors… Continue Reading →

Fallout From Home Depot Breach Continues to Cause Concern for Corporate Officers

Republished from Tressler’s Privacy Risk Report blog. High profile data breaches are inevitably followed by a flurry of lawsuits, including derivative lawsuits filed by those companies’ shareholders. However, derivative suits have not found success and are frequently dismissed at the… Continue Reading →

Court Tackles D&O Coverage Issues in Football Concussion Suit

As NFL and NCAA football players continue to file lawsuits against their former teams, leagues and conferences for alleged head injuries, there is no question that those teams, leagues and conferences will continue to turn to their insurers for coverage… Continue Reading →

Health Provider Cannot Create Coverage for Medicare Fraud Under Management Liability Policy

In Mission City Cmnty. Network, Inc. v. The Hanover Ins. Co. case no. 16-cv-2409 (C.D. Cal. October 14, 2016), the U.S. District Court for the Central District of California held that Hanover Insurance Company (Hanover) properly denied coverage to a… 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 →

Shareholders’ Derivative Suit Misses Target, Still Offers Warning to Directors & Officers

Republished from Tressler’s Privacy Risk Report blog. On July 7, 2016, Judge Paul Magnuson of the United States District Court for the District of Minnesota granted several motions to dismiss by Target directors and officers seeking dismissal of derivative suits… Continue Reading →

Don’t Exclude the Exclusions: Wisconsin Supreme Court Clarifies Duty to Defend Analysis Under Professional Liability Policy

Holiday barbecues got off to a roaring start for insurers and insureds when the Wisconsin Supreme Court affirmed summary judgment for the insurers and delivered some much-needed clarification concerning the duty to defend in David M. Marks v. Houston Casualty Company… Continue Reading →

Tressler LLP Launches the Specialty Lines Advisory Blog

Tressler LLP is pleased to announce the launch of the firm’s latest blog, Specialty Lines Advisory. To keep up with the changing digital landscape, Specialty Lines Advisory will replace the firm’s traditional e-newsletter of the same name. The blog will… Continue Reading →

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