Tag Archives: E&ampO

E&O Coverage Barred for Options Trading Losses

In a ruling that turned on the interpretation of a technical financial term, a federal district court concluded that the Options Trading exclusion in an investment firm’s E&O policy precluded coverage for investor claims arising out of a financial transaction … Continue reading

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Oregon Implements Temporary Rules Regarding Proof of E&O Insurance for Advisers

Oregon requires all investment advisers and broker-dealers to maintain errors and omissions insurance for at least $1 million. Under Section 59.175(4)(a) this can be demonstrated by a corporate surety bond or letter of credit.  This law provides investors with recourse … Continue reading

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Drawing a Line in the Sand: The Second Circuit Tries to Define Where D&O Coverage Ends and E&O Coverage Begins

Policyholders often obtain both errors and omissions (E&O) and directors and officers (D&O) liability insurance policies because they provide complementary coverage. E&O policies provide coverage for claims for wrongful acts arising from the provision of “professional services,” and while D&O … Continue reading

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