Legal Opinion
Medical Mutual Insurance v. Indian Harbor Insurance
Court of Appeals for the First Circuit
Decided October 8, 2009No. 08-2525PublishedCited by 14 opinions
1Opinion of the Court
SELYA, Circuit Judge.
This appeal presents the question of whether a corporation can recover under a director and officer (D & 0) liability insurance policy for losses stemming from judicial and administrative complaints filed against the company but which alleged wrongful conduct on the part of its directors and officers. In typical fashion, the policy language limits coverage to losses resulting from claims made against the directors and officers themselves.
D&O policies exist to fund indemnification covenants that protect corporate directors and officers from personal liability, not to…
2Cases cited21 opinions
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- Alternative Energy, Inc. v. St. Paul Fire & Marine InsuranceCourt of Appeals for the First Circuit · 2001
- United States v. Frances SladeCourt of Appeals for the First Circuit · 1992
- Houlton Citizens' Coalition v. Town of HoultonCourt of Appeals for the First Circuit · 1999
- Gargano v. Liberty International Underwriters, Inc.Court of Appeals for the First Circuit · 2009
16 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- MBIA Inc. v. Federal InsuranceCourt of Appeals for the Second Circuit · 2011
- Penn-America Insurance v. LavigneCourt of Appeals for the First Circuit · 2010
- Eaton v. Penn-America InsuranceCourt of Appeals for the First Circuit · 2010
- Biochemics, Inc. v. Axis Reinsurance CompanyCourt of Appeals for the First Circuit · 2019
- Lind-Hernández v. Hosp. Episcopal San Lucas GuayamaCourt of Appeals for the First Circuit · 2018
9 more not listed; retrieve them via the Exa API.