Reinsurer Ducks Coverage For Fired Ky. Lottery Worker's Suit

Law360, New York (October 17, 2013, 1:47 PM EDT) -- A New York federal judge on Thursday tossed Seneca Insurance Co.'s suit against its reinsurer for coverage for a wrongful termination dispute the Kentucky Lottery Corp. lost, finding that the loss was less than the $5 million threshold to trigger the reinsurer’s coverage obligations.

U.S. District Judge Katherine B. Forrest denied a summary judgment bid by Seneca and granted one by Everest Reinsurance Co., ruling that the judgment against Kentucky Lottery Corp. in the underlying dispute amounts to roughly $4.9 million excluding interest, which is below...
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