APPALACHIAN AND INA SETTLE ASBESTOS REINSURANCE DISPUTE
Appalachian Insurance Company recently settled and voluntarily dismissed its action against Insurance Company of North America pending in US District Court for the Eastern District of Pennsylvania. Appalachian’s claims arose out of INA’s alleged breach of a facultative reinsurance agreement between the parties. Appalachian had settled with Union Carbide after UC was sued for claims related to asbestos. Subsequently, Appalachian filed this action seeking to apply the reinsurance agreement’s “follow the settlements” clause. Appalachian asserted claims for breach of contract and declaratory relief. Appalachian Ins. Co. v. Insurance Co. of North Am., Case No. 10-7614 (E.D. Pa. Jan. 5, 2012).
This post written by John Black.
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