Munich Re Affiliate Faces Suit Over Republic Claims

Law360, New York (February 16, 2010, 5:01 PM EST) -- An affiliate of Zurich Financial Services Ltd. has filed a lawsuit alleging that a Munich Re affiliate has failed to cover its fair share of more than $8.5 million in accident claims against garbage hauler Republic Services Inc.

American Guarantee and Liability Insurance Co., which provided a $25 million excess policy to Republic, filed suit Friday in the U.S. District Court for the Southern District of Florida seeking declaratory judgment and about $3 million from Munich Re affiliate American Alternative Insurance Corp.

American Guarantee alleges that...
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