Travelers Made $137M Deal In Good Faith: 3rd Circ.

Law360, New York (June 10, 2010, 5:57 PM EDT) -- A federal appeals court has affirmed a judgment that Travelers Casualty and Surety Co. of America reached a $137 million settlement to resolve breast implant and chemical product claims in good faith and did not attempt to place the brunt of the coverage on excess insurers, which Insurance Co. of North America had alleged when it was handed a $13 million bill for its excess coverage.

The U.S. Court of Appeals for the Third Circuit sided with Travelers in its reinsurance coverage dispute with INA in...
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