The Problem with a Broadly Worded Professional Service Exclusion in a Service Firm’s D&O Insurance Policy

By | The D&O Diary | August 11, 2015
The Problem with a Broadly Worded Professional Service Exclusion in a Service Firm’s D&O Insurance Policy

In a recent post (here), I discussed a recent federal district court ruling in which the court broadly interpreted the professional services exclusion in a bank’s D&O insurance policy in order to preclude coverage under the policy for a claim that had been made against the bank and certain of its directors and officers in a case arising out of the long-running Rothstein Ponzi scheme scandal.