Homeowner's Insurance Did Not Protect Insured From Bernie Madoff

Insurance policies, including homeowner's policies, can provide coverage from losses from fraud, embezzlement or forgery. But does it work to provide compensation for losses in a Ponzi scheme? Last year, the Second Circuit affirmed a district court's dismissal of a Madoff customer's complaint...

D&O Coverage: The Devil Is In the Details

A five-paragraph opinion by the New York Appellate Division suggests the potentially devastating consequences of ignoring the fine print of Directors & Officers Liability insurance policies. In Associated Community Bancorp., Inc., et al. v. St. Paul Mercury Ins. Co. , 2014 NY Slip Op 04697 (App....