Wrongful Acts Claims Are Covered By Excess Policy, Insurer’s Liquidator Says

Mealey's (November 25, 2020, 7:06 AM EST) -- SIOUX FALLS, S.D. — An excess insurance policy above a directors and officers (D&O) insurance policy provides coverage for wrongful acts in excess of $21 million because the claims occurred within the policy period, the liquidator of ReliaMax Surety Co. (RSC) says in an Oct. 15 motion filed in South Dakota federal court (Larry Deiter v. XL Specialty Insurance Co., No. 20-3009, D. S.D.)....