Universities that have been drawn into the Operation Varsity Blues admissions scandal have put their directors and officers and employment practices liability insurers on notice of possible claims, observers say. Doing so, experts say, helps ensure coverage under their policies this year and forestalls future policy exclusions.
William Passannante, a shareholder with Anderson Kill P.C. in New York, said it is possible universities are submitting a “notice of circumstance” to their insurers that a claim may arise.
“It’s a way to permit future claims to come into a current policy,” Mr. Passannante said.
Read more: D&O, employment practices insurers sing the Varsity Blues
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