In a significant victory for policyholders, the Delaware Superior Court rejected three insurers' attempts to apply their Directors and Officers Liability ("D&O") policies' so-called "bump-up" exclusion to bar coverage for...more
1/15/2025
/ Acquisition Agreements ,
Commercial Insurance Policies ,
Contract Terms ,
Corporate Governance ,
D&O Insurance ,
Delaware ,
Insurance Litigation ,
Merger Agreements ,
Policy Exclusions ,
Securities Litigation ,
Securities Regulation ,
Settlement
The Situation: This past month, the New York Court of Appeals considered whether New York law imposes a "rule of construction" or "strong presumption" that a reinsurance contract's limit of liability provision caps the...more
1/8/2018
/ Asbestos ,
Commercial General Liability Policies ,
Contract Terms ,
Defense Costs ,
Insurance Contracts ,
Insurance Industry ,
Insurance Litigation ,
Liability Caps ,
Limitation of Liability Clause ,
Partial Summary Judgments ,
Reinsurance