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.
Late notice under claims-made policyfor insureds is added to complaint- The 7th U.S. Circuit Court of Appeals, construing Illinois law, recently held that insureds under a claims-made policy had an obligation to give notice to their insurer during the policy period in which a related insured entity was sued.Hence, when.
Policyholders with claims made D&O liability insurance – or any other type of claims made liability insurance – should take care to closely review both the terms of the notice requirements within their policies and.
The U.S. Court of Appeals for the Seventh Circuit in Hanover Ins. Co. v. R.W. Dunteman Co., 2022 WL 13769371, - F.4th - (7th Cir. Oct. 24, 2022), recently interpreted Illinois law.