Citing Agreements, Insurer’s Buyer Seeks Judgment On The Pleadings In Claims Row

Mealey's (September 21, 2022, 9:02 AM EDT) -- BOSTON — Arguing that a reinsurance agreement and a stock purchase agreement (SPA) both “unambiguously” require the insurer that sold American Employers' Insurance Company (AEIC) in 2007 “to administer and pay all insurance claims asserted under” historical policies that predate the deal, the buyer filed a Sept. 19 motion in Massachusetts federal court requesting judgment on the pleadings....