Insureds Should Fear Exclusions With Broad Preambles

By Catherine Doyle and Jan Larson (March 5, 2019, 12:14 PM EST) -- The U.S. District Court for the Middle District of Florida, applying Florida law, recently held that an insurer had no duty to defend or indemnify its insureds under a private company D&O insurance policy where the wrongful acts in question were held to be inextricably tied to securities transactions broadly excluded by a nonstandard securities exclusion in the policy....

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