Insurer Is Entitled To Recoup $11.7M Paid To Insured, Ohio Panel Majority Determines

(January 4, 2016, 2:10 PM EST) -- CINCINNATI — An insurer is entitled to reimbursement of more than $11.7 million from its insured because the insurer properly reserved its rights when it made payments to its insured for underlying suits arising out of the insured’s financial support of terrorist groups, the majority of the First District Ohio Court of Appeals said Dec. 30 (Chiquita Brands International Inc. v. National Union Fire Insurance Company of Pittsburgh, Pa., et al., No.C- 140492, Ohio App., 1st Dist.; 2015 Ohio App. LEXIS 5299).

(Opinion available. Document #03-160106-004Z.)...
To view the full article, register now.