Delaware's highest court ruled on August 18, 2025, that CVS Health is not entitled to coverage from insurers, including AIG and Chubb, against thousands of lawsuits related to its role in the nation's opioid crisis.
The Delaware Supreme Court concluded that the lawsuits sought damages for economic losses, rather than individualized 'bodily injury' or 'property damage,' which are typically covered by general liability policies. The national settlement agreement funds expenses for the opioid crisis at-large, but does not seek specific damages tied to individualized injuries.
This ruling is a significant positive development for AIG, as it removes a potential substantial liability from its balance sheet. The decision clarifies the scope of coverage for such claims, benefiting AIG and other insurers in similar situations.
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