American Empire Sues Amerisure Over Asbestos Deal

Law360, New York (June 17, 2011, 7:38 PM EDT) -- American Empire Surplus Lines Insurance Co. filed suit Thursday in New York, alleging that Amerisure Insurance Co. breached a reinsurance deal and must pay part of a settlement that resolved asbestos litigation against General Refractories Co.

General Refractories, a maker of asbestos products, was hit with thousands of product liability suits in state and federal courts, and filed suit for coverage against 16 insurance companies, including American Empire, that had provided it with excess insurance, according to a Third Circuit opinion that weighed in on a...
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