Insurer Relies On Follow-The- Fortunes Rule To Show Reinsurer Must Cover Claims

Mealey's (April 5, 2017, 12:19 PM EDT) -- NEW YORK — An insurer told the Second Circuit U.S. Court of Appeals on April 3 that the language of certain reinsurance agreements are the same as if the agreements had specific follow-the-fortunes provisions (Utica Mutual Insurance Company v. Clearwater Insurance Company, No. 16-cv-2824 and Utica Mutual Insurance Company v. Clearwater Insurance Company, No. 16-2535, 2nd Cir.)....

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