Court: Underlying Insurer’s Insolvency Does Not Alter Excess Insurer’s Duties
(September 17, 2015, 9:48 AM EDT) -- PORTLAND, Ore. — An Oregon federal magistrate judge on Sept. 11 granted an insurer’s motion for summary judgment and held, among other things, that the insolvency of an underlying insurer does not alter the obligations of an excess insurer (Century Indemnity Co. v. The Marine Group LLC, et al., No. 08-1375, D. Ore.; 2015 U.S. Dist. LEXIS 121219).
(Opinion available. Document #03-150916-005Z.)
Century Indemnity Co. filed suit in the U.S. District Court for the District of Oregon against The Marine Group (TMG), Northwest Marine Inc. (NWM),...