Bill Cosby
just protected his pocketbook in a big way, after his insurance company agreed
to foot the bill in 3 of his sexual assault cases.
Cosby's
insurance company, AIG, had initially said it would not pay his costs or any
civil judgment, on grounds the policy excluded "sexual molestation,
misconduct or harassment."
A judge
ruled AIG did indeed have a duty to defend Cosby, which apparently triggered
the settlement. The insurance company has agreed to cover his costs in civil
cases filed by 3 women -- Tamara Green, Therese Serignese and Linda Traitz.
AIG agreed
to reimburse Cosby $675,000 for attorneys fees and costs he's already incurred,
and it appears they will cover future costs as well.
As for AIG's
obligation to pay any judgment the women may eventually get against Cosby, it
appears that issue will have to wait until a jury actually rules against the
comedian.
(TMZ)
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