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Policyholders seeking insurance funds to settle a case often face an insurer’s demand that some amount should be allocated to uncovered claims or parties. The issue arises often under directors and officers liability (D&O) policies, when settlements resolve the liability of covered directors and the uncovered company. But general and professional liability and errors and omissions insurers also demand to allocate settlements.
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By Dennis Cusack, Partner, Farella Braun + Martel LLP
Read additional articles on legal developments that affect policyholders at the Policyholder Perspective blog.
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