THE NORTH CAROLINA MUTUAL WHOLESALE DRUG COMPANY v. FEDERAL INSURANCE COMPANY

  1. January 01, 2024

    Top Specialty Lines Rulings From The 2nd Half Of 2023

    The pivotal specialty lines decisions of 2023 tackled the nuances of policy language addressing the limits of exclusions, directors and officers coverage and coverage issues related to government investigation. Here, Law360 breaks down some of the most consequential specialty lines cases that wrapped up the year.

  2. October 18, 2023

    Drug Wholesaler Scores $10M Coverage Win For Opioid Suits

    A North Carolina federal judge ruled Tuesday that a drug wholesaler can tap into the full $10 million in coverage it has under a policy from a Chubb unit to defend against more than 100 suits related to the opioid epidemic.

  3. October 04, 2023

    Chubb Unit, Wholesaler Close To Settling Opioid Coverage Row

    A Chubb unit and a drug wholesaler hit with lawsuits claiming it contributed to the opioid crisis have agreed on the total reimbursable cost of defending the cases, but are still fine-tuning language in a final deal, according to a settlement conference recap.

  4. August 28, 2023

    Drug Wholesaler's Win Shows Path To Opioid D&O Coverage

    A drug wholesaler's coverage victory under a directors and officers policy for opioid litigation shows policyholders they can look beyond commercial general liability policies, which thus far have made up the bulk of insurance disputes, for coverage of such lawsuits.

  5. August 17, 2023

    NC Court Rules Wholesaler's Insurance Covers Opioid Suits

    A Chubb unit must defend a drug wholesaler facing over 100 lawsuits alleging it failed to monitor and investigate pharmacies' suspicious orders for prescription opioids, a North Carolina federal court ruled Thursday, finding separate contract and professional services exclusions are inapplicable.

  6. July 14, 2023

    NC Wholesaler Says Opioid Suits Exclusion Is Not In Policy

    If a Chubb unit wanted to exclude coverage for opioid lawsuits it should have spelled that out in the policy, a North Carolina drug seller told a federal court in hopes of notching a victory in its lawsuit against the insurer.

  7. June 30, 2023

    Insurer Says No Coverage In Drug Wholesaler's Opioid Fight

    An insurer argued in North Carolina federal court that thanks to exclusions in its policy with $10 million in directors and officers coverage, there was no coverage for 115 underlying lawsuits against a drug wholesaler accused of opioid over-distribution in the Carolinas.

  8. May 31, 2023

    Wholesaler, Chubb Vying For Win In Opioid Coverage Fight

    A drug wholesaler and a Chubb unit each went for a quick win in a dispute over the defense against 115 opioid-related suits, telling a North Carolina federal judge in competing motions filed Tuesday why a directors and officers policy could or could not trigger the carrier's obligations.

  9. January 02, 2023

    D&O Insurance Cases To Watch In 2023

    Federal appellate courts across the country are poised to weigh in on some of the thorniest issues in directors and officers coverage over the course of 2023, with opinions expected on whether government investigations count as securities claims, the so-called bump-up exclusion and a key False Claims Act dispute. Here, Law360 breaks down the top D&O insurance cases to watch this year.

  10. July 18, 2022

    Drug Co. Seeks D&O Coverage For Local Gov't Opioid Suits

    A wholesale pharmaceutical drug distributor asked a North Carolina federal court to find that its directors and officers insurer must cover it in underlying opioid litigation by local governments, hospitals and individuals alleging the company failed to properly monitor drug distribution for suspicious orders.