Justices: Insurers Failed To Show Reinsurer’s Defenses Were Meritless
(October 27, 2015, 1:34 PM EDT) -- NEW YORK — A New York appeals panel on Oct. 15 affirmed a lower court that denied a group of insurers’ motion to toss certain of a reinsurer’s affirmative defenses (Granite State Insurance Company, et al. v. Transatlantic Reinsurance Company, No. 652506/12 15687 15686, N.Y. Sup., App. Div., 1st Dept.; 2015 N.Y. App. Div. LEXIS 7591).
(Opinion available. Document #12-151103-012Z.)
Granite State Insurance Co., American Home Assurance Co. and National Union Fire Insurance Company of Pittsburgh, PA (the AIG insurers) sued Transatlantic Reinsurance Co. (TRC) in...