News & Analysis as of

D&O Insurance Restitution Denial of Insurance Coverage

Wiley Rein LLP

When Labels Don’t Matter: No Coverage for Restitutionary Arbitration Award

Wiley Rein LLP on

The Ninth Circuit, applying California law, has held that there is no coverage under a D&O policy for an arbitration award comprised of funds previously loaned to the insured by the claimant because the award constituted...more

Lowenstein Sandler LLP

In the Know: The Lowenstein Insurance Recovery Group’s Tip of the Month - October 2021

Lowenstein Sandler LLP on

A recent coverage case from Illinois is a helpful reminder to policyholders that they should not take no for an answer when insurers deny a claim based on uninsurability, restitution, disgorgement, or fraud. In fact, those...more

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