So, wouldn't FOX have attorneys working with the insurance company ones right along?
Say, FOX had a 1/2 billion policy, so would be willing to part with 387 million to settle.
When engaging in major litigation like this, the first thing plaintiff’s counsel wants to know is the insurance carriers and the coverage limits if possible, that way you know the table stakes out the gate.
You also want the defendant’s legal team to wet their beaks (read: billing lots of hours to the carriers) in order to soften them up for a potential settlement within the coverage limit, so the plaintiff doesn’t have to come into the picture with their corporate and hired legal firepower.
It not like the Fox insurance underwritten legal team is taking a loss - heck, they billed a ton of hours and settled the matter quietly under the coverage limit. Everybody is happy and Fox will have to live with dramatically higher insurance costs.