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Analysis

Del. TIAA Case May Reshape Disgorgement Claims Coverage

By Jeff Sistrunk ( June 5, 2018, 2:41 PM EDT) -- Delaware's high court will hear arguments Wednesday in three insurers' appeal of a judgment requiring them to cover TIAA's costs to defend and settle class actions alleging that the retirement services giant profited from fund-transfer delays, and attorneys say a ruling affirming the award could help policyholders secure coverage of suits seeking disgorgement of illicit gains....

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