Ratcliffe v. International Surplus Lines Insurance

PRESIDING JUSTICE DiVITO

delivered the opinion of the court;

Plaintiffs brought this action seeking a declaration of coverage under two insurance policies, a trustees errors and omissions policy (the Trustees policy) underwritten by defendant International Surplus Lines Insurance Company (ISLIC), and a directors and officers liability and company reimbursement liability policy (the D & 0 policy) underwritten by defendant International Insurance Company (International), both secured by the same broker, defendant Johnson & Higgins of Illinois, Inc. (Johnson & Higgins). Plaintiffs sought…