Federal Judge: Prior Acts Exclusion Bars Directors, Officers Liability Coverage

Mealey's (June 19, 2018, 9:54 AM EDT) -- FORT LAUDERDALE, Fla.— A Florida federal judge on June 13 granted a directors and officers liability insurer’s motion to dismiss an additional insured’s assignee’s breach of contract and declaratory judgment lawsuit against it, finding that the policy’s prior acts exclusion bars coverage (Margaret J. Smith v. Travelers Casualty and Surety Company of America, et al., No. 18-80189, S.D. Fla., 2018 U.S. Dist. LEXIS 100711)....