Professional Liability Insurance: Two Policies but No Coverage Due to Untimely Notice

By | The D&O Diary | January 12, 2015
Professional Liability Insurance: Two Policies but No Coverage Due to Untimely Notice

In a January 9, 2015 opinion (here), the Eighth Circuit, applying Missouri law, held that there was no coverage under either of two successive professional liability insurance policies issued by the same insurer for a claim against its insured, LSi-Lowry Systems, because the claim was first made before the inception of the second policy and because LSi had not given timely notice of claim under the first policy.