Excess D&O Policy Not Triggered by Vizio's Smart TV Litigation Claim
By EsqSocial Corporation 07/05/21
An excess D&O insurer had no obligation to contribute to Vizio's settlement with its primary general liability insurer for liabilities arising from the Smart TV Litigation, a California federal district court has held. See Vizio, Inc. v. Navigators Insurance Company, No. 2:20-cv-06864-ODW, slip op. (C.D. Cal. May 4, 2021). Vizio was seeking coverage for liabilities incurred in connection with the so-called Smart TV Litigation, a multidistrict litigation in which consumers alleged that Vizio...
By: Hinshaw & Culbertson - Insights for Insurers