August 27, 2024
Tobacco grower cooperative U.S. Tobacco Cooperative Inc. will go into mediation with Axis Specialty Insurance Co. as part of a lawsuit brought by the grower alleging the insurer has refused to pay $10 million in excess coverage.
July 18, 2024
A North Carolina federal court pared down a tobacco cooperative's suit accusing its excess insurer of wrongfully refusing to pay up to the full $10 million policy limit for defense and settlement costs associated with underlying suits brought by member growers.
May 28, 2024
An insurer told a North Carolina federal court Tuesday that it doesn't owe coverage to a tobacco growers' cooperative saddled with paying out a $100 million settlement for farmers, arguing that its $10 million policy excludes contract claims.