Verizon Court Battle with Insurers Finally Comes to an End : Risk & Insurance

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Verizon Communications was awarded defense costs in excess of $40 million after years-long battle over securities claim litigation.

In a court battle spanning nearly 10 years, the score was finally settled when the Delaware Superior Court awarded Verizon Communications $40 million in unreimbursed defense costs plus millions more in prejudgment interest.

The telecommunications conglomerate went up against its primary and excess liability insurance carriers after they denied coverage to Verizon…

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