Lincoln General Says It Has No Remaining Obligations to Cedent

HARRISBURG, Pa. - In a newly filed suit, Lincoln General Insurance Co. seeks a ruling that it has no remaining contractual obligations under a reinsurance treaty that terminated in January 2005. Lincoln General Insurance Co. v. Clarendon National Insurance Co., et al., No. 4:08-cv-00582, M.D. Pa.).

The case was removed to the U.S. District Court for the Middle District of Pennsylvania on March 31.

In March 2003, Lincoln General issued a quota share treaty to Clarendon, which reinsured certain private passenger auto policies written on Clarendon's behalf by Arrowhead General Insurance Agency. The treaty's termination date had originally been set …