The main premises of an agent’s E&O policy is built on the concept of legal liability – in other words, the agency must be found to be legally liable for the policy to pay.
 
In Atlantic Health System Inc. v. National Union Fire Ins. Co. of Pittsburgh, 2012 WL 640033 (3d. Cir. (N.J.) February 29, 2012), Atlantic Health System, Inc., AHS Hospital Corp., and Atlantic Ambulan
An insurance company that provided professional liability insurance to a certified public accountant was entitled to rescission of the insurance contract based upon the insured’s intentional mi
Recent case law demonstrates that when agreeing to add a party as an additional insured, careful risk management requires explicit and unambiguous insurance provisions to properly assign risk.
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In T & Beer, Inc. v. Wine Source Selections, LLC , 2012 WL 360286 (N.J. Super. February 6, 2012), unpublished, Plaintiff was engaged in the wholesale distribution of beer and wine, primarily in Ne
You’re with a corporate client with difficult to place group health insurance coverage, in light of the company’s claims history. When the client’s group health coverage comes
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In a decision that could substantially impact the scope of Additional Insured coverage afforded by General Liability policies, New York’s First Appellate Department recently held inÂ
A directors and officers liability insurance policy’s definition of “Interrelated Wrongful Acts†included both an original cross-complaint and the first amended cross-complaint desp
Plaintiff insurance agent was employed by his corporate insurance agency and was both an agent and an insured under the E&O policy issued to agents by defendant carrier. When the insured agent inj
There has been a recent uptick in lawsuits brought by taxpayers claiming that their tax preparer rendered negligent tax advice or caused tax reporting errors that resulted in an audit by the
 A motion to dismiss a securities shareholder class action complaint was recently denied in part by the Southern District of New York because the plaintiffs sufficiently alleged that a defendant pa
‘Reputational Risk’ is often in the news, and we’ve seen many role models to show how to handle – or not – a business crisis. Arrogance, greed, secrecy and easy sh
Recently, a client had an expensive and disappointing experience. Their Human Resources service provider suddenly had a problem with a difficult employee-related action my client felt obligated to
The last Tip, “The ‘Oops’ Factor of Risk Management†introduced Contingency Planning as a business survival tool. I said these plans are simple but detailed.Â
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Contingency planning might be the most important element of risk management. Director magazine several years ago reported that 80% of firms that suffer a major setback to revenue do not survive â
By Elizabeth Musser, Esq.
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The Central District of California dismisses a coverage action brought by a subsidiary of failed bank IndyMac against IndyMac’s D&O insurance ca
By Mark S. Askanas, Esq.
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Nonresidents of California are entitled to overtime pay under California law for work performed in California, the U.S. Court of Appeals for the Ninth Circuit has rule