Panel Says Primary Policy Must Be Exhausted Before SIR Reimbursement Is Required

(June 27, 2016, 3:27 PM EDT) -- CHICAGO — The Sixth Division of the First District Illinois Appellate Court on June 24 determined that an excess insurer is not entitled to collect a $1 million self-insured retention (SIR) from its insureds for claims paid in an underlying environmental contamination suit because the primary policy must be exhausted before the insured is required to reimburse the excess insurer for the SIR (Greenwich Insurance Co., et al. v. John Sexton Sand and Gravel Corp. et al., No. 1-15-1606, Ill. App., 1st Dist., 6th Div.)....
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