• Willful Misconduct Exclusion in Directors and Officers Policy Does Not Apply Until Appeals Have Been Exhausted
  • May 22, 2017 | Author: Micah M. Hoffman
  • Law Firm: Morris Polich & Purdy LLP - San Diego Office
  • California’s Second District Court of Appeal held that when a policy expressly provides coverage for litigation expenses on appeal, an exclusion requiring repayment to the insurer upon a “final determination” of the insured’s culpability applies only after the insured’s direct appeals have been exhausted.