Louisiana joins a growing list of states, including New Jersey, Massachusetts, Ohio, and New York that are considering legislation, here and here, that would require insurance coverage for the business interruption losses caused by COVID-19. We have discussed other legislative efforts here and here. The Louisiana House and Senate have each put forth
A Louisiana court recently denied an excess insurer’s bid for summary judgment, finding that the insurer’s interpretation of a pollution exclusion would lead to “absurd results.”
Continue Reading Louisiana Court Holds That Application of Pollution Exclusion Would Lead to Absurd Results
A Delaware court held that an appraisal action, which includes $39 million in attorneys’ fees, prejudgment interest, and costs incurred in defending litigation that arose out of Solera Holdings Inc.’s acquisition by Vista Equity Partners LP, constitutes a covered “securities claim” under Solera’s directors and officers liability insurance policy.
Continue Reading Delaware Court Says Appraisal Action Constitutes a “Securities Claim”; Triggers D&O Coverage