Insurer Says Costco's $8M Gender Bias Deal Not Covered
Law360 (November 9, 2018, 9:02 PM EST) -- Excess insurer Arrowood Indemnity Co. urged a Washington federal judge to hold that Costco's failure to secure its consent for an $8 million settlement of a gender bias class action relieves the insurer of any coverage duties, while Costco countered Arrowood waited too long to object to the deal.
In dueling motions for summary judgment filed Thursday, Arrowood and Costco Wholesale Corp. locked horns over whether the insurer is obligated to cover the bulk retailer's settlement of the underlying suit and its costs to resolve class members' claims in post-settlement arbitration proceedings. Arrowood had ultimately shelled out for a majority of...
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