Focus (Forum & Focus)
May 22, 2008
Identifying Fraud
There are a wide range of circumstances in which a deliberate fraud or wrongful profit exclusion will not apply to bar coverage, even when fraud or wrongful profit is alleged against a corporation or its directors and officers, writes Kirk Pasich. - Forum Column
By Kirk Pasich
This article appears on Page 6
Many directors and officers liability policies and errors and omissions policies have so-called "fraud" and "profit" exclusions. These exclusions purport to exclude coverage for loss arising out of the fraud of an insured or when an insured has gained a profit to which he or she is not entitled. There are two common types of such exclusions. One version purports to ...
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