NCAA Can't Tap $25M Coverage For Athletes' Pay Suit
Law360 (July 15, 2020, 6:14 PM EDT) -- An Indiana appellate court affirmed Wednesday that the NCAA can't force three excess insurers to pay $25 million toward its defense of an antitrust suit over limits on student-athletes' compensation, saying a "related wrongful acts" exclusion bars coverage because the players' complaint shares allegations with another suit predating the policy period.
In a unanimous opinion, a three-judge panel of the state Court of Appeals upheld a lower court's ruling that the NCAA is not entitled to coverage from Federal Insurance Co., Illinois National Insurance Co. and Westchester Fire Insurance Co. under a series of excess policies it purchased for a period...
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