Insurers: Coverage Not Owed For Principals Who Reached Settlement Without Consent

(September 26, 2017, 11:54 AM EDT) -- WILMINGTON, Del. — A group of insurance companies has asked a Delaware Superior Court to find that principals in a company are not entitled to coverage for the costs they incurred in negotiating settlements in two lawsuits brought by stock shareholders because the negotiations occurred without the insurers’ consent (Arch Insurance Company, et al. v. David H. Murdock, et al., No. N16C-01-104-EMD, Del. Super., New Castle Co.)....