California Law Applies To Interpret Policies, Insurer Argues To Delaware High Court

Mealey's (September 22, 2020, 2:02 PM EDT) -- WILMINGTON, Del. — An excess insurer recently asked the Delaware Supreme Court to reverse a lower court's finding that Delaware law applies to interpret primary and excess insurance policies in a coverage dispute arising from fraud claims against its insured and its directors and officers, arguing that the "overwhelming evidence demonstrates that the policies were contracted, negotiated, and managed in California" and covered insured directors and officers who worked primarily from the insured's corporate headquarters in California (RSUI Indemnity Company v. David H. Murdock, et al., No. 154,2020, Delaware Sup.)....