Panel: Insured’s Delay In Notifying Insurer Of Claim Is ‘Unexcused,’ ‘Unreasonable’

(January 5, 2018, 2:07 PM EST) -- NEW YORK — The Second Circuit U.S. Court of Appeals on Jan. 5 affirmed a federal court’s dismissal of breach of contract, unjust enrichment, conversion and declaratory judgment claims against a directors and officers liability insurer, reiterating that the insured's failure to provide the insurer with timely notice of an underlying claim negated coverage (J. Graham Zahoruiko v. Federal Insurance Co., et al., No. 17-965, 2nd Cir., 2018 U.S. App. LEXIS 250)....

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