AIG, Liberty Say They Don't Have To Cover $11M LabCorp Deal

Law360, New York (August 10, 2017, 4:54 PM EDT) -- AIG Specialty Insurance Co. and Liberty Mutual Insurance Co. told a Florida federal court on Wednesday that Laboratory Corp. of America Holdings is not entitled to coverage for an $11 million class action settlement after LabCorp went rogue in negotiations.

In an escalating back-and-forth among the companies, the two insurers say they don’t have to cover the settlement reached in the underlying Fair and Accurate Credit Transactions Act class action brought by Christopher Legg.

“LabCorp never advised AIG Specialty or Liberty Mutual about the ongoing settlement negotiations,...
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