Insurer Claims Insured Concealed Settlements, Seeks Reimbursement Of $1.3M

Mealey's (November 16, 2020, 10:03 AM EST) -- NEW YORK — An insured should be ordered to reimburse an excess insurer for more than $1.3 million paid for past environmental contamination XE "environmental contamination"  remediation costs at one of the insured’s sites because the insured allegedly concealed settlements it entered into with other insurers regarding the site, the excess insurer claims in a Nov. 12 motion for summary judgment filed in New York federal court (Olin Corp. v. Lamorak Insurance Co., et al., No. 84-1968, S.D. N.Y.)....