Nonprofit Execs Not Covered Under D&O Policy, Insurer Says
By Jeff Sistrunk ( May 16, 2016, 8:09 PM EDT) -- Philadelphia Indemnity Insurance Co. urged a Rhode Island federal court Monday to find that a $1 million directors and officers policy it issued to a now-defunct nonprofit doesn't cover a receiver's suit against former executives accused of mishandling funds, saying claims filed on the organization's behalf are excluded from coverage....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
A Law360 subscription includes features such as
- Daily newsletters
- Expert analysis
- Mobile app
- Advanced search
- Judge information
- Real-time alerts
- 450K+ searchable archived articles
And more!
Experience Law360 today with a free 7-day trial.