Panel:  Insured Did Not Timely Notify Directors And Officers Liability Insurer Of Suit

(December 4, 2019, 11:35 AM EST) -- CINCINNATI — An Ohio appeals court on Nov. 27 found that an insured failed to timely notify its insurer of an underlying lawsuit brought by a competitor and that the notice-prejudice rule does not apply, affirming a lower court’s ruling that a directors and officers liability insurer has no duty to defend or indemnify (ISCO Industries, Inc., et al. v. Great American Insurance Co., No. C-180636, Ohio App., 1st Dist., 2019 Ohio App. LEXIS 4949)....

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