Treasurer’s Payment Mistake Requires Defense Coverage Under Property Association’s D&O Policy

/ Owner - March 28, 2024

A federal court recently ruled that a carrier must defend its policyholder against a claim involving the treasurer’s erroneous payment to a scammer. The ruling shows that a “wrongful act” under a D&O policy need not be an egregious act of wrongdoing, that coverage may hinge on whether extrinsic evidence can establish coverage, and that breach of contract claims are not always uninsurable as a matter of law.   Read the article…………………………….

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