Even the smartest institutions in the land can miss deadlines – and can lose $15 million in insurance coverage because of it, a federal appeals court decided Wednesday. The U.S. 1st Circuit Court of Appeals upheld a lower court ruling …
The US District Court for the Southern Florida, applying Florida law, held that a directors and officers policy did not cover a claim against directors because the claim related back to an earlier policy period, even though those individuals were …
Company leaders—whether the general counsel, chief executive, or some other officer in charge—often call their outside counsel when a formal claim is made against them, or a dispute appears headed toward formal litigation. What business leaders often don’t think to …
Harvard University’s failure to notify its insurer by the policy deadline has cost it up to $15 million in insurance coverage to help it defray costs related to its ongoing defense of its affirmative action admissions program. U.S. District Judge …
Ace American Insurance Co. is not liable for the approximately $250,000 that an Arkansas school district paid to settle a sexual harassment lawsuit because the district did not notify the insurer about a complaint against it until more than six …