We’ve blogged a few times about litigation surrounding insurers’ efforts to use “bump-up” exclusions in D&O policies to avoid coverage of amounts paid to settle merger claims. Last week, in Harman International Industries v. Illinois National Insurance, (Del. Supr. 1/25), the Delaware Superior Court rejected an insurer’s efforts to rely on such a policy provision to avoid coverage […]
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D&O Insurance: Delaware Court Rejects Insurer’s Efforts to Rely on Bump-Up Exclusion