An opioid wholesaler’s court victory against an insurance giant opens the door to a new way for pharmaceutical companies to recoup legal bills stemming from the opioid crisis.
Earlier this month, a federal district court ordered a Chubb unit to pay North Carolina Mutual Wholesale Drug Co.’s defense costs in more than a hundred lawsuits that alleged the drug wholesaler had oversold opioid painkillers to pharmacies, according to a Blo0omberg report.
The company had directors and officers coverage through Chubb’s Federal Insurance Company, Bloomberg reported. D&O coverage generally covers a wider spectrum of losses than more narrowly focused liability coverage.
