Insurance
Apr. 4, 2017
Insurers cannot escape coverage without a 'final adjudication'
A recent ruling serves as a stern warning to insurers that absent a true "final adjudication," they must continue to pay defense costs.
In Stein v. Axis Insurance Co., B265069 (Cal. App. 2nd Dist. Mar. 8, 2017), an unpublished opinion, the California Court of Appeal recently addressed an important question: When is a "final determination" final?
Many directors and officers (D&O) insurance policies include exclusions for liability that arises from a director or officer's fraud, dishonesty, self-dealing, personal profit or otherwise intentional wrongful conduct. However, many D&O policies require a "final det...
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