Refining What Is A 'Loss' Under Wash. D&O Policies

Law360, New York (June 5, 2012, 1:33 PM EDT) -- In a recent case, Sauter v. Houston Cas. Co., No. 66809-9-1, (May 14, 2012), a Washington appeals court analyzed a type of policy not often considered by Washington courts — a director and officer (D&O) policy.

In its decision, the appeals court addressed important issues concerning limitations in coverage under a D&O policy for contract claims.

Sauter was an officer of a limited liability company (LLC). The LLC obtained a line of credit and Sauter signed the loan documents required by the bank. Sauter also signed...
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