Jenner & Block

“Insureds Should Fear Exclusions with Broad Preambles,” Insurance Law Update

In the March Insurance Law Update, Jenner & Block Partner Jan A. Larson and Associate Catherine L. Doyle highlight Colorado Boxed Beef Co. Inc. v. Evanston Insurance Co.  In that case, the US District Court for the Middle District of Florida held that an insurer had no duty to defend or indemnify its insureds under a private company D&O insurance policy where the wrongful acts in question were held to be inextricably tied to securities transactions broadly excluded by a nonstandard securities exclusion in the policy.  The Update was published in Law360.