COURT RULES THAT “INSURED V. INSURED” EXCLUSION IN D&O POLICY BARS COVERAGE FOR INDEMNIFICATION OF CEO OF CORPORATION
May 12, 2016 in Case Law Updates by bronsteincarmona
In a decision issued by the First District Court of Appeal[1], the Court interpreted the “Insured v. Insured” exclusion of a Directors and Officers Liability Policy and precluded the ability of the Plaintiff to obtain indemnification from an insurance company.