Wednesday, March 6, 2013

Supreme Court Denies Review in Lake Cumberland Resort

Supreme Court Denies Review in Lake Cumberland Resort

       As here previously reviewed (see The Hidden Dangers of Providing Indemnity – Loss of Insurance Coverage, June 4, 2012), the Court of Appeals determined that a directors and officers policy would not provide coverage where the Lake Cumberland Resort Community Association had granted indemnification to its officers and directors.
       On February 13, 2013, discretionary review was denied by the Kentucky Supreme Court.  As such, the decision rendered in Lake Cumberland Resort Community Association, Inc. v. Auto Owners Insurance Co., 2012 WL 1758108 (Ky. App. May 18, 2012) (Not to be Published) continues to stand.

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