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Under Hawaii law, insurance-policy customers must be "made whole" before insurers can demand reimbursement.
Opioid companies agreed to pay more than $32 billion to help cover costs related to opioid addiction.
The expense and risks involved with complex litigations moved the aerospace giant to agree to the $237.5 million settlement.
The team and its billionaire owner are suing their insurer for denying claims under its $400M business interruption policy.
Elon Musk's move to pay the Tesla board's insurance out of pocket emphasizes the benefit of captives amid galloping D&O rates.
Drug wholesalers and Teva Pharmaceutical settle the first federal trial over the companies' role in fueling the U.S. opioid epidemic.
The Chapter 11 filing on Sunday is designed to short-circuit more than 2,000 lawsuits against Purdue and its owners.
J&J is facing more than 13,000 lawsuits linking baby powder and Shower to Shower to ovarian cancer or mesothelioma.
Customers claimed the company tried to rig the Illinois justice system to wipe out a $1B jury verdict from 19 years ago.
Women claimed asbestos in the company's talc products caused them to develop ovarian cancer.