Insurer Says Reinsurer Breached Contract With Regard To Asbestos Claims

Mealey's (January 17, 2018, 1:03 PM EST) -- BRIDGEPORT, Conn. — A reinsurer breached its contract by refusing to pay its share of losses arising out of the settlement of asbestos claims, an insurer says in a Jan. 16 complaint filed in the Connecticut federal court (Travelers Casualty and Surety Co. v. Lamorak Insurance Co., No. 18-00087, D. Conn.)....