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The good news is that companies incurring legal fees defending against government investigations or negotiating settlements with regulators to resolve FCA claims may be able to look to D&O coverage to mitigate those losses.
At times being in charge of an organization and knowing how it works can tempt people to abuse the system to benefit themselves. This is just what occurred with the suspended Georgia insurance commissioner.
A woman sets fire to her business when she's behind in rent payments.
There seems to be no end to the confusion from insureds, agents, claims adjusters, and even some carriers, over application of the loss assessment coverage. This article undertakes to provide understanding using various scenaries to explain the coverage.
"Exit light, courtroom fight, take the stand, Lloyds pay this band," as Metallica's COVID-19 lawsuit is allowed to proceed.
How to submit coverage questions to FC&S.
CG 24 53 12 19 Waiver of Transfer of Rights of Recovery Against Others to Us (Waiver of Subrogation) Automatic
Coverage on both commercial and personal auto policies when other vehicles are used.
CG 20 40 12 19 Additional Insured - Owners, Lessees or Contractors- Automatic Status for Other Parties When Required in Written Construction Agreement (Completed Operations)