No D&O Coverage Owed For Fraudulent Billing Suit, Illinois Panel Affirms

( December 10, 2024, 11:54 AM EST) -- CHICAGO — An Illinois appeals panel determined Dec. 9 that a directors and officers liability insurer has no duty to defend or indemnify its insureds against an underlying fraudulent billing lawsuit because coverage is barred by the policy’s interrelated wrongful acts exclusion, affirming a lower court’s judgment in favor of the insurer....

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