By Josh Liberatore (May 31, 2022, 7:15 p.m. EDT) — Towers Watson has urged the Fourth Circuit to uphold a ruling that insurers must cover it for shareholder lawsuit settlements stemming from the company’s merger with Willis, arguing Tuesday that a “bump-up” exclusion only applies to definitive acquisitions.
Towers Watson told the Fourth Circuit that insurers must provide coverage for shareholder lawsuit settlements resulting from the company’s merger with Willis. (AP Photo/Mr. Spencer Green)
In a brief, Towers Watson & Co. said a group of insurers led by National Union Fire Insurance Co. of Pittsburgh, Pa., must cover the company for most of the $90 million it paid at…
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