Insurance Fund Appeals Judgment In Reinsurance Case Over Mine Damages

Mealey's (October 17, 2019, 10:50 AM EDT) -- CHICAGO — An insurance fund on Oct. 2 appealed to the Seventh Circuit U.S. Court of Appeals a ruling finding that it failed to show that an alter-ego exception applies to the general rule of no liability for a railroad company’s stockholder and failed to prove that a de facto merger occurred in its reinsurance dispute over payments for mine subsidence damages (Illinois Mine Subsidence Insurance Fund v. Union Pacific Railroad Co., No. 19-2965, 7th Cir.)....