On July 30, 2018, the Delaware Supreme Court, in a unanimous order written by Justice Vaughn, issued a decisive coverage victory for Teachers Insurance and Annuity Association of America (“TIAA”) and other related entities (collectively, “TIAA”), conclusively securing over $40 million in coverage from three insurance companies, primary insurer Illinois National Insurance Company (an AIG affiliate), and excess insurers Arch Insurance Company and ACE Insurance Company (including interest from the primary insurer).
Media Coverage:
- Del. Justices Uphold $40M in Coverage for TIAA’s Defense in Class Actions (Delaware Business Court Insider)
- Financial Services Firm Secures $40 Million Coverage Win From Three Insurance Companies (Insurance Business America)