Tag Archives: Past Acts Coverage

Though Fraudulent Transfers Took Place During the Policy Period, Past Acts Exclusion Still Precludes Coverage

A prior acts exclusion in a bank holding company’s D&O insurance policy precludes coverage for claims based on allegedly fraudulent transfers made to a banking subsidiary during the policy period, because the transfers arose out of wrongful acts that occurred prior to the policy’s past acts date, according to a recent decision by the Eleventh … Continue Reading