The right to rescind coverage under an insurance policy has always been a powerful tool for insurers to combat alleged insurance fraud. By rescinding coverage, an insurer not only avoids payment for a particular claim, but also voids the entire policy, ab initio, as if it never existed. Actions for rescission of directors and officers (D&O) insurance policies, though, are fewer and far between in recent years because the terms of such policies have been highly negotiated and revised to include certain features that make it much harder for insurers to rescind coverage.