Travelers Refuses to Provide Information Backing Reinsurance Billings, Fireman’s Fund Contends

HARTFORD, Conn. — Fireman’s Fund Insurance Co. has denied allegations that it has wrongly refused to pay $1.86 million in reinsurance proceeds to Travelers Casualty and Surety Co. (NYSE: TRV) for its settlement of asbestos claims asserted against E.I. DuPont de Nemours & Co.

In its March 4 answer filed in the U.S. District Court for the District of Connecticut, Fireman’s Fund contends Travelers has wrongly refused to allow the reinsurer access to records concerning the underlying DuPont litigation and settlement.

Travelers issued two excess indemnity umbrella policies to DuPont that were in effect from 1967 to 1970 and 1970 …