TIG Specialty Insurance v. Koken

OPINION BY

Judge COHN.

This case requires us to evaluate the language of an exclusion in a Directors’ and Officers’ Liability insurance policy (D & 0 Policy) to determine if it precludes insurance coverage for a claim brought by the Pennsylvania Insurance Commissioner in her role as Statutory Liquidator (Liquidator) against the directors and officers of an insurance company.

The case is related to a statutory liquidation proceeding 1 involving an insolvent insurer/medical benefits coordinator named Health Resources Management Health Plans (PA), Inc. (HRM Health Plans (PA) or HRMPA). The…