Insurer Says Reinsurers Breached Their Contract By Failing To Pay Asbestos Claims

Mealey's (April 30, 2018, 3:07 PM EDT) -- BRIDGEPORT, Conn. — Two reinsurers failed to pay toward settlements of underlying asbestos claims due under reinsurance contracts, an insurer says in its April 20 amended breach of contract complaint filed in Connecticut federal court (Travelers Casualty and Surety Co. v. Nationwide Mutual Insurance Co., et al., No. 18-00088, D. Conn.)....