7th Circ. Says Emmis' Defense Costs Fell Under AIG Exclusion

Law360 (July 2, 2019, 8:53 PM EDT) -- An AIG unit rightfully denied Emmis Communications Corp. coverage for a shareholder suit, because the radio broadcasting company had already reported the suit to its previous insurer, the Seventh Circuit held Tuesday.

The company's policy with AIG's Illinois National Insurance Co. contained an exclusion barring coverage for any losses in connection with claims of circumstances "as reported" under its previous policy with Chubb Insurance Co. In a succinct, three-page opinion, the appellate court said the case was resolved on a single issue: the meaning of "as reported" in the insurer's exclusion.

"The phrase has no discernable temporal limitations," the panel said....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!