AIG Unit's Reinsurer Must Cover $7.2M Of Dole's Enviro Deal

Law360 (July 16, 2020, 6:40 PM EDT) -- A New York federal judge ruled Thursday that London-based reinsurer Equitas Insurance Ltd. must cover a $7.2 million share of a $20 million payment that an AIG unit made toward Dole Food Co.'s settlement of claims over environmental pollution at a housing development in California.

Applying principles of English law, U.S. District Judge Laura Taylor Swain granted summary judgment to AIG subsidiary Insurance Co. of the State of Pennsylvania, finding that Equitas is obligated to pay out under two reinsurance policies that ICSOP purchased to back an umbrella policy it issued to a Dole predecessor for a three-year period from October...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!