Chubb and AIG Score Big in Court Ruling Over Insurance Dispute What happens when companies argue over what their insurance should cover? Sometimes, it ends up in court. That’s exactly what happened recently, and big players like Chubb and AIG came out on top. Here’s the deal. What’s a “Bump-Up” Exclusion? A federal appeals court ruled in favor of insurers Chubb Ltd. and AIG over something called the “bump-up” exclusion. Sounds a little confusing, right? It’s not as wild as it sounds. This exclusion is a clause in directors and…
Read MoreThe “Bump-Up” Clause Explained: Chubb and AIG’s Legal Win
