Insurer Must Cover JPMorgan's $22.5M Enron Claims

Law360, New York (March 24, 2010, 6:32 PM EDT) -- A New York appeals court has affirmed a lower court's ruling that Twin City Fire Insurance Co. must cough up $22.5 million to cover a portion of JPMorgan Chase & Co.'s defense and settlements in a host of lawsuits related to Enron's collapse.

The New York Supreme Court Appellate Division ruled on March 18 that a lower court had correctly rejected Twin City's claims that JPMorgan had failed to comply with the notice provision of its claims-made insurance policy, upholding a judgment ordering Twin City to...
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