Affiliates of insurer Chubb Ltd on Tuesday said bankrupt opioids manufacturer Insys Therapeutics Inc wrongly included potential claims against them among its assets in its disclosures of its Chapter 11 bankruptcy plan. Chubb has refused insurance payouts for bankrupt opioid manufacturer Insys Therapeutics , after affiliates of the insurance company said it had wrongly included claims against them as assets when it made its Chapter 11 disclosures. Insys had said it had $10m of product liability coverage, including $30m with Chubb firms, with which it could fund a trust to help opioid abuse victims.
Chubb has refused insurance payouts for bankrupt opioid manufacturer Insys Therapeutics , after affiliates of the insurance company said it had wrongly included claims against them as assets when it made its Chapter 11 disclosures. Insys had said it had $10m of product liability coverage, including $30m with Chubb firms, with which it could fund a trust to help opioid abuse victims.