Delaware Justices Affirm AIG, Chubb Coverage for Genworth Deals

Long-term care insurance provider Genworth Financial Inc. is owed coverage from liability insurers, including units of American International Group Inc. and Chubb Ltd., for a portion of settlement payments in class actions the company faced over premium hikes, Delaware’s top court ruled.

The carriers remain on the hook for their respective policy limits to cover some of Genworth’s class action agreements, according to a two-page order Thursday from a panel of Delaware Supreme Court justices upholding a lower court’s rulings.

• The liability insurers had argued that an exclusion for losses involving premiums or return premiums, among other exclusions, precluded ...