Prior Acts Exclusion Bars Excess Directors, Officers Coverage, Judge Rules

(June 17, 2019, 6:47 PM EDT) -- MINNEAPOLIS — A federal judge in Minnesota on June 4 found that an excess directors and officers liability insurance policy’s prior acts exclusion bars coverage for the underlying settlement of securities and derivative lawsuits alleging that the insured failedto disclose material, related-party relationships (Tile Shop Holdings, Inc., Plaintiff, v. Allied World National Assurance Company, No. 17-776, D. Minn., 2019 U.S. Dist. LEXIS 93238)....