The "Four Corners" Rule and the Duty to Pay Defense Costs

The “Four Corners” Rule and the Duty to Pay Defense Costs

By John B. Berringer and Jill N. Averett

Officers, directors and their corporations routinely are denied the full benefits of the D&O Insurance Policies they purchase at great cost when lawsuits naming them as defendants include allegations of international wrongdoing which arguably trigger policy exclusions. Read more about how courts around the country have refused to allow insurance companies to walk away from their defense obligations based upon the insurance company’s unilateral conclusion that the allegation misconduct triggering an exclusion has “in fact” taken place.

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