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TIG Asbestos Reinsurance Suit Will Stay In NY

Law360 (June 4, 2009, 12:00 AM EDT) -- A district judge ruled Thursday against a change-of-venue motion from two ACE INA Group insurers locked in a dispute with TIG Insurance Co. over reinsurance contracts for excess coverage on asbestos-related litigation costs, after the ACE insurers failed to convince the court that Philadelphia would be a better fit for the suit.

Judge John F. Keenan denied motions from two members of the ACE INA Group, Century Indemnity Co. and Ace Property and Casualty Insurance Co., to transfer the suit from the Southern District of New...
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