STORY FROM: Reinsurance & Arbitration

Reinsurers Seek Dismissal of Conn. Federal Lawsuit for Lack of Personal Jurisdiction

HARTFORD, Conn. — Two reinsurers accused of wrongly refusing to pay $836,670 in reinsurance billings arising from Travelers Casualty Co.’s settlement of underlying asbestos claims have moved to dismiss the action for lack of personal jurisdiction.

In a May 4 answer filed in the U.S. District Court for the District of Connecticut, Nationwide Mutual Insurance Co. and National Casualty Co. alternatively seek transfer of the action to the U.S. District Court for the Northern District of Ohio.

Travelers issued a number of insurance policies to PPG Industries Inc. Certain of those policies also insured PPG's subsidiary, Pittsburgh Corning Corp. (PCC). ...

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