Harvard University on Wednesday lost a bid for an insurer to cover up to $15 million of the costs of defending itself in a lawsuit that led to the U.S. Supreme Court barring it and other colleges from considering race as an admissions factor.
That lawsuit, along with a related case against the University of North Carolina, resulted in athat effectively ended affirmative action policies long used to raise the number of Black, Hispanic and other underrepresented minority students on American campuses.
In the lawsuit against Zurich filed in 2021, Harvard said the costs of defending against that lawsuit and a related government investigation had already exceeded the $25 million limit in a policy issued by its primary insurer, an AIG Inc unit, which had a $2.5 million deductible. But the insurer refused, saying the policy required Harvard to give notice of a claim no later than Jan. 30, 2016, yet the university waited until May 23, 2017 to do so.
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