Panel: D&O Policy Ambiguous On Whether Insurer Owes Coverage For Investors’ Claims

Mealey's (May 11, 2021, 1:33 PM EDT) -- ST. LOUIS — The Eighth Circuit U.S. Court of Appeals held on May 11 that a directors and officers liability policy is ambiguous as to whether an insurer has a duty to defend and indemnify its insured and its chief executive officers against underlying claims brought by investors, reversing a lower federal court’s ruling in favor of the insurer and remanding....