Chartis Units Seek $1.6M For Kaiser Asbestos Claims

Law360, New York (December 22, 2011, 1:53 PM EST) -- Two Chartis Inc. affiliates on Wednesday claimed Clearwater Insurance Co. owes them more than $1.6 million under separate reinsurance agreements to cover excess payments they made to Kaiser Aluminum & Chemical Co. for asbestos exposure claims.

Granite State Insurance Co. and New Hampshire Insurance Co. allege in separate complaints in New York state court that although they paid a premium to Clearwater for casualty facultative reinsurance on excess policies they issued to Kaiser, Clearwater has failed to pay in excess of $1.5 million due to New...
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