criminal acts News

Directors and officers liability insurance policies often contain exclusions for losses related to criminal or deliberately fraudulent activities. Such exclusions usually are limited to circumstances in which the fraud or crime is finally adjudicated. The path from initial allegations to …

In the context of first party property coverage, criminal act exclusions typically have three requirements that must be met before the exclusion is applicable: (1) there must be a policy-defined loss; (2) the loss must be caused by a dishonest …