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No Coverage For Wrongful Acts Of Acquired Company Occurring Before Purchase - Insurance Laws and Products

The insured bank was held liable for a "nine-figure" judgment arising out of liabilities it assumed through the acquisition of another bank.

United statesUnited states districtWestern districtPolicy periodWrongful actWrongful acts

CA District Court Holds Insurer Must Advance Defense Subpoena Cos

CA District Court Holds Insurer Must Advance Defense Subpoena Cos
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United statesExchange commissionLife sciences corpAmtrust intl underwritersSciences corpWrongful acts

Court Rejects Assumption that Wrongful Acts are Related Based on Inclusion in Single Complaint | Wiley Rein LLP

The United States District Court for the Central District of California, applying California law, has held that, based on the initial pleadings, it could not determine in the insurer’s.

United statesWiley reinUnited states district courtServices professionalCentral districtWrongful actPolicy periodRetroactive dateProfessional servicesWrongful acts

Related Claims Provisions in Claims-Made Liability Policies: The Policy Wording Matters! | Foley Hoag LLP

Liability insurance policies are typically written on either an “occurrence” basis or a “claims made” basis. Under an occurrence-basis policy, the liability will be covered if the.

New yorkUnited statesDelaware superior courtHanover insurance companyNeither the courtRw dunteman coUnited states courtRisk retention grp incSupreme courtDistrict courtSears holding corporationRw dunteman companyKey takeawaysNinth circuitRisk retention grpLiberty surplus

Broker-Dealer Professional Liability Policy Not Implicated Where Registered Representative Was

The United States District Court for the Northern District of Illinois, applying Illinois law, has held that a registered representative was not performing Professional Services.

United statesUnited states district courtNorthern districtProfessional servicesWrongful actsNapproved productInvestment advisoryBroker dealer professional liability policy not implicated where registered representative was quot selling awayCorporate commercial lawFinance and bankingFinancial services

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