(July 12, 2019) In Universal Cable Productions v. Atlantic Speciality Insurance Company, the 9th Circuit Court of Appeals reversed the lower court’s decision which had held that the policy’s war exclusions applied. The decision affirms, at least in California, that words in an insurance policy can have “special meaning” as argued by the policyholder’s attorneys […]
Arbitration Award in Favor of Policyholder Results in Limits Loss plus interest for non-shaving D&O Excess Insurer
JANUARY 2019. An arbitration panel decided in favor of a corporate policyholder in a claim brought against an excess D&O carrier who refused to join a 90% shaving settlement. The underlying claim arose from a multi-billion bankruptcy reorganization which prompted multiple noteholder and other lawsuits and claims. All but one carrier settled the underlying claims […]
