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Secure Energy Loses D&O Coverage For $4M Suit After Delay

By Bibeka Shrestha ( May 17, 2013, 2:21 PM EDT) -- A Missouri federal court ruled Wednesday that Secure Energy Inc. could not win coverage under directors and officers policies for a $3.8 million breach of contract suit because it waited too long to report the claim, holding that it was irrelevant whether the late notice actually prejudiced the insurer....

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