D&O Insurer Has No Duty To Advance Defense Costs, Delaware High Court Affirms

Mealey's (June 11, 2024, 12:49 PM EDT) -- WILMINGTON, Del. — The Delaware Supreme Court on June 10 held that a directors and officers liability insurer has no duty to advance defense costs to its insured for an underlying lawsuit seeking recovery of an arbitration award, affirming a lower court’s ruling that the policy’s run-off exclusion relieves the insurer of this duty....