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AIG Unit Told To Pay HLTH $1M In Coverage Suit

Law360 (March 25, 2009, 12:00 AM EDT) -- A Delaware judge has ordered New Hampshire Insurance Co. to reimburse HLTH Corp. $1.1 million for legal costs the health care company incurred defending former officers and directors in a criminal accounting fraud case.

Judge Richard R. Cooch of the Delaware Superior Court on Monday rejected the insurer's argument that it was entitled to a hearing to determine whether the costs were reasonable under the directors and officers policy.

The judge found that New Hampshire Insurance, which is an American International Group Inc. member company, had...
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