{"id":13611,"date":"2026-07-27T15:29:13","date_gmt":"2026-07-27T13:29:13","guid":{"rendered":"https:\/\/orsingher.com\/?p=13611"},"modified":"2026-07-27T15:29:13","modified_gmt":"2026-07-27T13:29:13","slug":"corporate-the-supreme-court-on-nullity-of-the-do-insurance-coverage-in-the-event-of-voluntary-payment-by-the-company","status":"publish","type":"post","link":"https:\/\/orsingher.com\/it\/corporate-the-supreme-court-on-nullity-of-the-do-insurance-coverage-in-the-event-of-voluntary-payment-by-the-company\/","title":{"rendered":"CORPORATE | The Supreme court on nullity of the D&#038;O insurance coverage in the event of voluntary payment by the company"},"content":{"rendered":"<p>On 8 June\u00a02026, the Italian Supreme Court (<em>Corte di\u00a0Cassazione<\/em>)\u00a0issued an <a href=\"https:\/\/www.italgiure.giustizia.it\/xway\/application\/nif\/clean\/hc.dll?verbo=attach&amp;db=snciv&amp;id=.\/20260608\/snciv@s30@a2026@n18458@tO.clean.pdf\" target=\"_blank\" rel=\"noopener\">Order\u00a0No. 18458\/2026<\/a> helding\u00a0that\u00a0clauses\u00a0contained in\u00a0the\u00a0so-called\u00a0\u201cside B\u201d\u00a0D&amp;O insurance\u00a0policy\u00a0under which the insurer undertakes to indemnify a company for amounts that\u00a0it\u00a0has paid to one of its\u00a0directors\u00a0or officers\u00a0without being under a legal or contractual obligation to do so\u00a0are\u00a0void for lack of an insurable risk pursuant to Article 1895 of the Italian Civil Code.<\/p>\n<p>The Court reaffirmed the distinction between\u00a0\u201cside A\u201d D&amp;O\u00a0policies \u2013 which\u00a0provide coverage directly to the company\u2019s directors or officers for amounts they are required to pay to third parties as compensation for wrongful acts committed in the performance of their duties \u2013 \u00a0and \u201cside B\u201d\u00a0D&amp;O policies, which\u00a0provide insurance coverage to the company for amounts it pays to indemnify its directors or officers against claims for damages brought against them by third parties.<\/p>\n<p>The Court\u00a0observed\u00a0that,\u00a0under\u00a0Italian law,\u00a0companies\u00a0are\u00a0generally\u00a0under\u00a0no obligation\u00a0to indemnify directors or officers\u00a0against\u00a0liabilities owed to third parties.\u00a0Accordingly, a\u00a0purely\u00a0voluntary payment does not give rise to an insurable risk.\u00a0The decision confirms\u00a0the fundamental principle that, under Italian insurance law,\u00a0only losses arising from a genuine insurable risk\u00a0\u2013\u00a0namely one that is future, uncertain and fortuitous\u00a0\u2013\u00a0may be validly covered\u00a0by\u00a0insurance.<\/p>\n<p>Newsletter n. 120 &#8211; July 2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 8 June\u00a02026, the Italian Supreme Court (Corte di\u00a0Cassazione)\u00a0issued an Order\u00a0No. 18458\/2026 helding\u00a0that\u00a0clauses\u00a0contained in\u00a0the\u00a0so-called\u00a0\u201cside B\u201d\u00a0D&amp;O insurance\u00a0policy\u00a0under which the insurer undertakes to indemnify a company for amounts that\u00a0it\u00a0has paid to one of its\u00a0directors\u00a0or officers\u00a0without being under a legal or contractual obligation to do so\u00a0are\u00a0void for lack of an insurable risk pursuant to Article 1895 of the [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[28],"tags":[],"class_list":["post-13611","post","type-post","status-publish","format-standard","hentry","category-newsletters"],"acf":[],"_links":{"self":[{"href":"https:\/\/orsingher.com\/it\/wp-json\/wp\/v2\/posts\/13611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/orsingher.com\/it\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/orsingher.com\/it\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/orsingher.com\/it\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/orsingher.com\/it\/wp-json\/wp\/v2\/comments?post=13611"}],"version-history":[{"count":1,"href":"https:\/\/orsingher.com\/it\/wp-json\/wp\/v2\/posts\/13611\/revisions"}],"predecessor-version":[{"id":13612,"href":"https:\/\/orsingher.com\/it\/wp-json\/wp\/v2\/posts\/13611\/revisions\/13612"}],"wp:attachment":[{"href":"https:\/\/orsingher.com\/it\/wp-json\/wp\/v2\/media?parent=13611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/orsingher.com\/it\/wp-json\/wp\/v2\/categories?post=13611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/orsingher.com\/it\/wp-json\/wp\/v2\/tags?post=13611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}