Reinsurers Breached Their Contract By Failing To Pay Share Of Loss, Insurer Says

(January 17, 2018, 4:24 PM EST) -- BRIDGEPORT, Conn. — With regard to settlements of underlying asbestos claims, two reinsurers breached their contract by failing to pay their share of losses, an insurer says in its Jan. 16 complaint filed in Connecticut federal court (Travelers Casualty and Surety Co. v. Nationwide Mutual Insurance Co., et al., No. 18-00088, D. Conn.)....