A Common-Sense Approach To D&O Policy Exclusions

Law360, New York (July 27, 2011, 2:04 PM EDT) -- Directors and officers are most in need of insurance coverage when their companies enter bankruptcy. It is no surprise, then, that this is precisely the point when directors and officers insurance policies typically do their best to let insurers off the hook. A recent opinion by an Illinois appellate court, however, thwarted just such an attempt, and afforded two former directors the coverage to which they were entitled.

In Yessenow v. Executive Risk Indemnity Inc., 2011 Ill. App. (Ill. App. 1st Dist. June 30, 2011), the...
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