$5.6M Settlement Triggered Directors, Officers Liability Coverage, Judge Rules

Mealey's (August 21, 2018, 4:06 PM EDT) -- PROVIDENCE, R.I. — A Rhode Island federal judge on Aug. 1 found that an insured's $5.6 million payment to settle a dispute that arose from its bankruptcy is a covered claim for a wrongful act under the insurance policy and the insured gave appropriate notice of the claim (Twin River Worldwide Holdings, Inc. v. National Union Fire Insurance Company of Pittsburgh, Pa., No. 17-008, D. R.I., 2018 U.S. Dist. LEXIS 129581)....