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PUB. SERV. MUT. INS. CO. v. JEFFERSON TOWERS, INC.

186 A.D.2d 10 (1992)

Public Service Mutual Insurance Company, Appellant, v. Jefferson Towers, Inc., Respondent

Appellate Division of the Supreme Court of the State of New York, First Department.

September 3, 1992

The Supreme Court appropriately determined that the Directors and Officers Liability Endorsement extends coverage whenever any of the insured, including the corporate entity, is legally obligated to pay for a civil claim arising out of a wrongful act. The exclusion urged by plaintiff does not apply since the endorsement is separate and distinct from the general liability portion of the policy (see, Matter of Knickerbocker...

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