Travelers Accuses 15 Reinsurers of Breach of Contract in Amended Complaint

HARTFORD, Conn. — Travelers Indemnity Co. has filed an amended complaint against 15 reinsurers in federal court, accusing them of breaching two facultative certificates by refusing to pay Travelers’ reinsurance billings for its settlement of underlying environmental claims.

In a Dec. 12 pleading filed in the U.S. District Court for the District of Connecticut, Travelers has demanded varying sums from the reinsurers, who allegedly participated in the Excess and Casualty Reinsurance Association (ECRA) pool.

According to the complaint, Travelers issued two one-year liability policies to Fitchburg Gas & Electric Light Co. that were in effect from Jan. 1, 1969, to …