3rd Circ. Upholds Truist's Win In $5M Insurance Row

By Ganesh Setty (February 8, 2023, 5:49 PM EST) -- Houston Casualty Co. cannot recover the $5 million it paid to WSFS Financial Corp. from Truist Financial Corp. to help cover an underlying $12 million arbitration settlement, the Third Circuit affirmed, finding that a purchase agreement between WSFS and Truist clearly excluded insurance payments from Truist's indemnification obligations to WSFS....

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