Insuring Your Business - September 2013


In This Issue:

“Wrongful Acts” and the Jerry Sandusky Scandal and Insurance Spotlight: Management Liability Insurance

Excerpt from “Wrongful Acts” and the Jerry Sandusky Scandal -

It has been said that “Hard cases make bad law.”

On March 1, the Federal District Court for the Middle District of Pennsylvania ruled that Jerry Sandusky is NOT entitled to insurance coverage under the Second Mile’s policies for defense costs and attorneys’ fees for both the criminal case and the civil cases either filed or to be filed. The Court ruled last summer that the Second Mile’s insurer had no duty to pay any settlement or judgment on Sandusky’s behalf because such coverage was void as against public policy.

Please see full issue below for more information.

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Topics:  Insurers, Jerry Sandusky, Liability, Liability Insurance, Management Liability Insurance, Prior Wrongful Acts

Published In: Bankruptcy Updates, General Business Updates, Insurance Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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