July 01, 2016
Philadelphia Indemnity Insurance Co. told a Rhode Island federal court Thursday that it doesn't have to cover litigation accusing former executives for a defunct charity of mishandling funds, saying the nonprofit's receiver ignores the terms of an insurance policy in arguing to the contrary.
June 11, 2016
A court-appointed receiver is urging a Rhode Island federal court to not let Philadelphia Indemnity Insurance Co. off the hook in a fight over defense coverage for a suit connected to a defunct charity whose executives allegedly improperly managed its finances.
May 16, 2016
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.
September 16, 2015
Philadelphia Indemnity Insurance Co. asked a Rhode Island federal court on Tuesday to declare 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.