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Fraud › Exclusions

Fraud is the making of false representations or engaging in deceptive behavior in order to unlawfully secure financial or personal gain. 
Wiley Rein LLP

Lending Exclusion in Bankers Professional Liability Policy Bars Coverage For Claim Alleging Financing a Ponzi Scheme

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The United States District Court for the Central District of California, applying California law, has held that a lending exclusion in a bankers professional liability policy barred coverage for underlying lawsuits alleging...more

Wiley Rein LLP

Fraud Exclusion, California Insurance Code Section 533 Preclude Coverage for Arbitration Award

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A California federal court, applying California law, has held that an employment liability policy does not provide coverage for a judgment against the insured following an arbitrator’s finding of fraud....more

Lowenstein Sandler LLP

Reps & Warranties Insurance: Five Myths Dispelled

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For several years, buyers and sellers in M&A deals have been turning to representations and warranties (R&W) insurance to allocate risk–and they continue to do so during these unprecedented times. Yet, despite the increasing...more

A&O Shearman

Widely drafted exclusion clause upheld

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The Court of Appeal has, yet again, held that a widely drafted exclusion clause represented the allocation of commercial risk between two parties in the satellite telecoms industry. The exclusion clause precluded the claimant...more

Harris Beach Murtha PLLC

It’s Insurance: The Financial Institution Bond

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Formerly known as a bankers blanket bond, and sometimes referred to as a fidelity bond, the financial institution bond as it is commonly known, is simply an insurance policy. Though the term “insurance policy” does not...more

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