August 21, 2026
Three excess insurers owe no coverage for a $40 million settlement that a church retirement plan administrator reached to resolve claims of self-dealing, a California federal court ruled, finding the claims were connected to wrongful prior acts.
March 19, 2025
Three excess insurers told a California federal court they should owe no coverage toward a $40 million settlement a third-party administrator of a church retirement's plan reached to resolve class action claims that it participated in a self-dealing scheme, arguing the claims predate the period they insured.