Spiro K. Bantis led a webinar presentation entitled “Coverage for Restitution”, for one of the Firm’s major insurer clients. The webinar addressed the following questions:
How and when does an insured’s liability insurance policy cover an aggrieved person’s claim for restitution or disgorgement of ill-gotten gains?
Does public policy require that any such claims for restitution are uninsurable?
How do the courts and the parties to an insurance contract deal with questions of which claims are properly payable under an insurance policy, and which claims are excluded under the terms of the policy or uninsurable under the law?