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In this Insurance Law Update, Jenner & Block Partner Brian S. Scarbrough and Associate Eric S. Fleddermann examine questions surrounding insurance coverage of corporate fraud: Is insurance available to cover fraudulent conduct by a corporation's directors or officers? When there are covered and uncovered matters and entities involved, how should loss be allocated? Where there is a dispute over which law to apply, which state's public policy should be applied to answer those questions? The authors highlight two recent Delaware cases that held in favor of policyholders on these questions. The ILU was published by Law360.