Court interprets policy in direct action against reinsurer
A truck leased from Ryder TRS was involved in an accident, and Frontier Insurance Company provided coverage for the truck. After Frontier was declared insolvent, a party to the accident pursued claims under the policy against Clarendon Insurance Company, which had provided reinsurance to Frontier. The New Hampshire Supreme Court upheld an interpretation of the insurance policy proposed by Clarendon, which limited Clarendon's liability. This opinion discusses some of the general principles of policy interpretation. Warner v. Clarendon Ins. Co., Case No. 2005-415 (N.H. Nov. 2, 2006).
