Harvard University's $15 Million Insurance Claim Rejected by First Circuit

Oh man, if this keeps up, I might stop hating insurance companies. The enemy of my enemy is my friend.

Now, the First Circuit just rejected a $15 million insurance claim by Harvard University against its insurance company for legal fees incurred in defending the Students For Fair Admissions case that ended up with a sweeping defeat for Harvard in the Supreme Court.

On November 19, 2014 — in anticipation of the legal costs to come — Harvard notified AIG of the pending suit, thereby securing coverage under the primary policy. Harvard neglected, though, to notify Zurich of the suit until May 23, 2017 — well outside the excess policy’s ninety-day notification window. Consequently, Zurich denied coverage under the excess policy on the ground that Harvard had failed to furnish timely notice….

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