Insurers Owe No Coverage For $40M Retirement Plan Deal

By Gianna Ferrarin · August 21, 2026, 2:04 PM EDT

Three excess insurers owe no coverage for a $40 million settlement that a church retirement plan administrator reached to resolve claims of self-dealing, a California federal court ruled, finding the claims...

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Case Information

Case Title

Homesite Insurance Company et al v. Newport Group Holdings, L.P. et al

Case Number

3:25-cv-02626

Court

California Northern

Nature of Suit

Insurance

Date Filed

March 18, 2025