The Delaware Supreme Court on Wednesday unanimously affirmed a lower court ruling and held that American International Group Inc. and Axa SA units were not obligated to indemnify a solar energy company in directors and officers litigation under their claims-made coverage.
Cargill Inc. on Wednesday asked a Minnesota federal court to order its insurer to cover the $44.7 million loss the company said was the result of a bribery and kickback scheme involving former employees, claiming that the loss is covered under its commercial crime policy.
A recent policyholder favorable ruling from the Eastern District of Virginia adopted a narrow, strict construction of a "bump-up" exclusion in a directors' and officers' liability policy.
While large, national property/casualty insurers with leading market shares in both the residential and commercial property markets in Louisiana will be