Resolute Management Not Liable to Policyholder as Reinsurer, Ind. Federal Judge Rules
June 20, 2016
DOCUMENTS
- Order
INDIANAPOLIS — An Indiana federal judge has dismissed a policyholder’s third-party claims against Resolute Management Inc., ruling that Resolute cannot be held liable as a reinsurer because it was not a party to any reinsurance agreement related to the underlying environmental losses.
On June 15, Judge Robert Miller Jr. of the U.S. District Court for the Northern District of Indiana further held that even if Resolute was a party to the reinsurance agreement, it was one of indemnity rather than assumption and therefore Resolute cannot be held directly liable to the policyholder.
Hartford Iron & Metal Inc. runs a scrapyard …
FIRM NAMES
- Shere Law & Associates
- Squire Patton Boggs
- Tuesley Hall Konopa
UPCOMING CONFERENCES
HarrisMartin's Mass Tort Settlements Conference - Sponsored by Milestone
June 27, 2024 - Buffalo, NY
The Richardson Hotel Buffalo
HarrisMartin's MDL Conference: Video Game Addiction and the Latest Mass Tort Updates
May 29, 2024 - Salt Lake City, UT
The Grand America Hotel