Law360, New York (September 07, 2011, 5:38 PM ET) -- The Eighth Circuit on Wednesday affirmed a ruling that Employers Reinsurance Co. was required under a reinsurance agreement to follow the settlements of Massachusetts Mutual Life Insurance Co., which ERC sued for refusing to return payments on contested disability claims.
The three-judge panel's published opinion amounts to another loss for ERC, which was fighting district court rulings that the reinsurance agreement contained a follow-the-settlements provision, that the reinsurer breached the agreement by halting reimbursements to Mass Mutual in 2006 and that its challenges to six individual...
8th Circ. Backs Mass Mutual In ERC Reinsurance Fight
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