Insurer, Reinsurer End Case Disputing Settlement Payments
Mealey's (January 15, 2016, 7:32 AM EST) -- PROVIDENCE, R.I. — An insurer and its reinsurer told a federal court in Rhode Island on Jan. 4 that they were voluntarily dismissing their dispute over the reinsurer’s alleged failure to make payments in accordance with a settlement agreement (Seaton Insurance Company v. Yosemite Insurance Company, No. 15-cv-00040, D. R.I.).
(Stipulation of dismissal available. Document #12-160122-004X.)
Seaton Insurance Co. sued Yosemite Insurance Co. in the U.S. District Court for the District of Rhode Island on Feb. 6. Seaton brought two claims for breach of contract and...