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The Delaware Supreme Court unanimously affirmed a trial court
judgment requiring a directors and officers (D&O) excess
insurer to pay a claim for losses predicated on fraudulent conduct
of the director and CEO of a corporation, holding that such losses
are insurable under Delaware law and coverage is not barred by
Delaware public policy.
The Court also held that Delaware law applied to the insurance
policy in the case, stating that a choice of law analysis for a
D&O policy will most often reveal that a corporation s
Lawsuit claims USAA has violated the rights of enlisted personnel
Current and former military officers are more respected by USAA than current and former enlisted personnel, a federal class-action lawsuit claims.
and last updated 2021-02-09 21:06:58-05
SAN DIEGO (KGTV) - Current and former military officers are more respected by USAA than current and former enlisted personnel, a federal class-action lawsuit claims.
According to a federal complaint, USAA has violated the rights of enlisted personnelâthose on active duty in pay grades E-1 through E-6 and veterans whose highest rank was in those grades.
The lawsuit states, Defendants charge Enlisted Policyholders with collision coverage who qualify as good drivers under California law more for auto insurance than they charge officers with collision coverage who qualify as good drivers, in violation of California Insurance Code section 1861.16.