A California federal district court, applying California law, has held that an insolvency exclusion in a bankers’ professional liability policy did not bar coverage for a lawsuit filed by a receiver against a bank, finding...more
12/14/2021
/ Ambiguous ,
Bad Faith ,
Breach of Contract ,
Conservators ,
Denial of Insurance Coverage ,
Exclusions ,
HMOs ,
Insolvency ,
Professional Liability Insurance ,
Receivership ,
Third-Party ,
Wrongful Acts
A California federal district court, applying California law, allowed an insurer to rescind an elder care facility’s policy based on material misrepresentations in the application regarding known circumstances that could...more