Insureds’ Notice Untimely, No D&O Coverage Owed, 7th Circuit Affirms

Mealey's (October 27, 2022, 1:29 PM EDT) -- CHICAGO — The Seventh Circuit U.S. Court of Appeals held that an estate's original complaint over  ownership interests in a family's Addison, Ill., construction business triggered a reportable claim under a 2017 “claims made” directors, officers and entity liability insurance policy and subsequent amendments to the underlying complaint failed to commence a new and distinct claim that was first made in 2018....