STORY FROM: Reinsurance & Arbitration

Travelers Sues Allstate For Refusing to Pay $1.25 Million Reinsurance Billing

HARTFORD, Conn. — Travelers Casualty and Surety Co. has accused Allstate Insurance Co. of breaching a series of reinsurance treaties by refusing to pay a $1.25 million reinsurance billing arising from Travelers’ settlement of asbestos claims filed against PPG Industries Inc.

In a Dec. 22 complaint filed in the U.S. District Court for the District of Connecticut, Travelers argues that the reinsurance treaties bar Allstate from questioning Travelers’ settlements with its policyholders.

Travelers issued a number of insurance policies to PPG, formerly Pittsburgh Plate Glass Co. Certain of those policies also insured PPG’s subsidiary, Pittsburgh Corning Corp. In addition, during ...

Associated Law Firms
Day Pitney

Associated Documents
Complaint



Registered User Login

Username

Password


Related Conferences

No conferences scheduled at this time.




Full Archives

True