Derivative Exception to Insured v. Insured Exclusion Applies Only to Derivative Suits Brought by Non-Insureds
By EsqSocial Corporation 07/06/21
An Oklahoma federal court has held that a derivative exception to an Insured v. Insured (IvI) exclusion applied only to derivative lawsuits brought by non-insureds, and did not save coverage for a direct claim filed by an insured director that was pled in the alternative as a derivative claim. T.D. Williamson, Inc v. Federal Ins. Co., 2021 WL 2117054 (N.D. Okla. May 25, 2021)....
By: Wiley Rein LLP