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D&O Policy Dooms Shareholder's Coverage Suit, Court Says

By Steven Trader ( April 4, 2016, 7:59 PM EDT) -- A Florida state appeals court affirmed Friday that Progressive Casualty Insurance Co. owes no payment toward a lawsuit won by the shareholder of a company who accused that company's president of inflating stock prices in a repurchasing program, finding an "insured v. insured" exclusion in a Directors & Officers policy barred coverage.   . . .

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