Travelers Drops Federal Lawsuit Against 15 ECRA Pool Reinsurers

HARTFORD, Conn. — Travelers Indemnity Co. has voluntarily dismissed without prejudice its lawsuit against 15 reinsurers, in which it accused them of breaching two facultative certificates by refusing to pay Travelers’ reinsurance billings for its settlement of underlying environmental claims.

Travelers filed its notice of dismissal on Feb. 6 in the U.S. District Court for the District of Connecticut.

In the Dec. 12 amended complaint, Travelers demanded varying sums from the reinsurers, who allegedly participated in the Excess and Casualty Reinsurance Association (ECRA) pool. According to the filing, Travelers issued two one-year liability policies to Fitchburg Gas & Electric Light …