Panel Affirms Rulings In Favor Of Directors & Officers, Errors & Omissions Insurers

Mealey's (September 10, 2021, 10:28 AM EDT) -- PHILADELPHIA — The Third Circuit U.S. Court of Appeals on Sept. 8 affirmed a lower federal court’s summary judgment rulings in favor of directors and officers and errors and omissions liability insurers in a coverage dispute arising from an underlying lawsuit seeking “not less than” $75 million for an insured’s alleged wrongful acts, finding that “third party,” “professional services” and “managed care” exclusions bar directors and officers liability coverage....