Directors and officers insurance: exclusion for insolvency
In AIG Australia Ltd v Kaboko Mining Ltd  FCAFC 96, an appeal from the decision of McKerracher J in the Federal Court of Australia  Lloyd’s Rep IR 515, the preliminary issue was the scope of an insolvency exclusion in a D&O liability cover whereby claims against the directors related to the company’s insolvency were not covered.
: the facts
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