News & Analysis as of

Rescission Errors and Omissions Policy

Wiley Rein LLP

Federal Court Declines to Exercise Jurisdiction Over Rescission Action

Wiley Rein LLP on

The United States District Court for the Western District of Wisconsin has declined to decide whether an insurer properly rescinded an errors and omissions policy after learning of potential claims arising from events that...more

Cozen O'Connor

When is Rescission Based Upon Material Misrepresentations The Proper Course of Action?

Cozen O'Connor on

Carriers rely on application representations regarding the existence of potential claims. Sometimes, the carrier learns after the fact that an applicant may not have reported all known potential claims. What can/should the...more

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