Delaware's high court affirmed Wednesday that RSUI Indemnity Co. owes more than $12 million toward $222 million in settlements that Dole Food Co. and its CEO struck to resolve stockholder suits over alleged fraud in a 2013 take-private deal, clarifying that state law permits coverage for claims of fraudulent conduct.
Winter Storm Uri to Generate Billions in Insured Losses: Moody s insurancejournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancejournal.com Daily Mail and Mail on Sunday newspapers.
Insurers providing coverage to the bankrupt Boy Scouts of America told a Delaware bankruptcy judge Wednesday that they should be allowed to take discovery from people alleging sexual abuse and their counsel about the claims process to discover if there is widespread fraud.
Boy Scouts Insurers Say Ch 11 Claim Process Needs Probe law360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from law360.com Daily Mail and Mail on Sunday newspapers.
Boy Scouts of America's insurers have challenged the validity of sexual abuse claims brought after a legal advertising campaign saw claims grow from 1,700 to over 95,000, asking a Delaware bankruptcy judge to allow discovery on individuals and attorneys who filed claims in the organization's Chapter 11 case.