Reinsurer Says Travelers Breached Duty of Utmost Good Faith

HARTFORD, Conn. - In response to a suit seeking $190,722 in reinsurance for a multi-million dollar settlement of asbestos claims, Pennsylvania Manufacturers Insurance Co. asserts that the plaintiff breached its duty of utmost good faith by failing to allocate the underlying claims in a reasonable and businesslike manner. Travelers Casualty and Surety Co. v. Pennsylvania Manufacturers Association Insurance Co., No. 11-213 (D. Conn.).

In a brief filed in the U.S. District Court for the District of Connecticut, PMA further asserts that Travelers Casualty & Surety Co.'s claims are barred by the statute of limitations and the doctrine of laches

PMA …