Insurer: Insured Vs. Insured Exclusion Bars D&O Coverage For Crude Oil Entities

(August 16, 2023, 8:30 AM EDT) -- DENVER — An insurer filed an amended complaint in a Colorado federal court seeking a declaration that it owes no directors and officers liability coverage for underlying indemnification demands and counterclaims that directors and officers brought against their former employers and its related entities that operate a crude oil purchasing business, arguing that the business and management indemnity policy’s insured versus insured exclusion barred coverage....