Insurer’s Receiver: Claim Falls Under $3M Limit In Captive Manager’s Insurance Policy

Mealey's (November 23, 2020, 1:23 PM EST) -- NEW HAVEN, Conn. — The receiver of an insolvent insurer argues in a Nov. 20 opposition brief to a Connecticut federal court that his claim against a captive manager regarding the settlement of negligence allegations is not limited to a $25,000 sublimit in the captive manager’s professional liability insurance policy but rather falls within the policy’s $3 million limit (Trinidad Navarro v. Allied World Surplus Lines Insurance Company, No. 20-1305, D. Conn.)....