Directors and Officers (“D&O”) insurance policies cover individuals and entities for a wide variety of claims for “wrongful acts.” Many D&O policies provide coverage for claims based on criminal proceedings. When criminal charges are settled against corporations and officers, very often the settlement includes fines, penalties, cost of investigation and other payments. Are these payments covered under the D&O policy? The Eleventh Circuit Court of Appeals recently addressed this issue under Florida law.
‘Enforcement 40’ for 2020
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