Article ID: 563ffa91ee9f31a00e556cd81f094556776682863c8c31294d58376995613d22
Source ID: primary:theinsurer.com
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Delaware Supreme Court holds insurers liable for $28 million in Harman D&O fight in a setback to the 'bump-up' exclusion | The Insurer The Insurer from Reuters The Insurer The Insurer TV Cyber Risk Sustainable Program Manager E&S Parametric Sign in Subscribe Articles Region London Market Europe US / Americas Bermuda Asia Pacific Topics Broking Casualty Cyber ILS InsurTech and innovation Legacy Legal/ Regulatory Lloyd’s Losses M&A Parametric People Moves Property catastrophe Results Specialty Events & Conferences Events Content Types News Analysis Viewpoint Commentary Interview News Analysis Commentary Viewpoint Interview Events Videos Delaware Supreme Court holds insurers liable for $28 million in Harman D&O fight in a setback to the 'bump-up' exclusion By Isha Marathe Published: Wed 28 Jan 2026 The Delaware Supreme Court upheld a lower court opinion on Tuesday, ruling that AIG, Chubb and WR Berkley could not rely on the “bump-up” exclusion in D&O policies to hedge coverage of a $28 million shareholder class action settlement arising from a 2016 Samsung and Harman International Industries merger, with two judges dissenting.
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