A Delaware bankruptcy judge held that a D&O insurer can clawback more than $6 million in advancements of costs to the director’s criminal defence lawyers even if some charges against the director were dropped for practical reasons, not because of the director’s innocence.
The case stems from the notorious conduct of the CEO of Insys Therapeutics
Recent media reports highlight the challenges faced by the insurance industry in dealing with fraudulent insurance claims.
Reportedly South African life insurers detected 4287 fraudulent and dishonest claims worth R787.6 million for the 2021 year.
This blog frequently reports on South African judgments, and those from around the world, dealing with rejection of fraudulent claims.