Cover Me in Fraud: Delaware Supreme Court Finds Fraud Is Insurable
The Delaware Supreme Court has held that fraudulent conduct by corporate officers and directors is insurable in Delaware. This consequential decision, RSUI Indemnity Company v. Murdock, 2021 BL 76083 (Del. Mar. 3, 2021), is inconsistent with the public policy of many other states, and likely will have an immediate effect on Delaware-based corporations involved in…