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Expert Analysis

Northrop Ruling Highlights Insurability Of Settlements

By Cary Lerman and Laura Lin (September 28, 2020, 6:14 PM EDT) -- In its recent decision in Axis Reinsurance Co. v. Northrop Grumman Corp., the U.S. Court of Appeals for the Ninth Circuit ruled in Northrop's favor and called into question whether and when settlement-based disgorgement payments, not excluded by the terms of a policy, may be excluded from insurance coverage based on public policy.[1] ...

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