8th Circ. Says National Union Owes Travelers $10M

Law360, New York (September 3, 2010, 5:22 PM EDT) -- A federal appeals court has reversed in part a district court's decision to nix Travelers Property Casualty Insurance Co. of America's bid to recoup subrogation proceeds from the National Union Insurance Co. of Pittsburgh, Pa., and Kansas City Power and Light Co., ruling that National Union must now shell out $10 million to the excess insurer.

The U.S. Court of Appeals for the Eighth Circuit ruled Thursday that, while the district court was correct in determining that KCPL was not obligated to remit uninsured losses related...
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