Insurer Says Lower Court Erred By Finding Policy Exclusions Do Not Apply

Mealey's (April 6, 2017, 7:14 AM EDT) -- ATLANTA — An insurer tells the 11th Circuit U.S. Court of Appeals in a Feb. 24 reply brief that its directors and officers liability policy does not cover wrongful acts by officers of a bank in receivership because the wrongful acts allegedly spring from earlier wrongful acts that were perpetrated before the policy coverage period (Certain Underwriters at Lloyd’s, London v. Federal Deposit Insurance Corporation, et al., No. 16-16702, 11th Cir.)....