Fact Issues Exist As To Applicability Of ‘Personal Profit’ Exclusion, Panel Rules
Mealey's (June 15, 2016, 11:50 AM EDT) -- BOSTON — A Massachusetts appeals panel on June 14 held that a lower court erred in finding that a directors and officers liability insurer has no duty to pay a judgment entered against its insured, finding that there are genuine issues of material fact as to the applicability of the policy's personal profit exclusion (Winbrook Communication Services Inc., et al. vs. United States Liability Insurance Co., No. 15-P-401, Mass. App.; 2016 Mass. App. LEXIS 67).
(Opinion available. Document #13-160616-015Z.)
On Aug. 24, 2010, Winbrook Communication Services...