Chubb Unit Settles Dispute Over Drug Liability Coverage Delay Claims
A Chubb Ltd. unit and two pharmaceutical companies reached a confidential settlement to resolve allegations that the insurer improperly delayed and refused coverage for product liability claims tied to a gout and kidney stones drug. A court filing says issues involving a non-party must be resolved before Rising Pharma Holdings Inc., Casper Pharma LLC, and Westchester Surplus Lines Insurance Co. can dismiss the case.