Zurich and Axa units not obligated to pay defense costs
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Business Insurance - Mar 23, 2020
Units of Zurich Insurance Group Ltd. and Axa SA , who were excess insurers for a now bankrupt investment advisory firm, are not obligated to pay $7.7 million in unreimbursed defense costs based on the terms of their claims-made policies, a federal appeals court said in reaffirming a lower court ruli...
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