Lincoln General Wins $16.5M In Auto Reinsurance Fight

Law360, New York (January 25, 2013, 4:39 PM EST) -- A Texas federal judge on Friday issued a final judgment ordering a pair of U.S. Auto Insurance Services Inc. affiliates to pay reinsurer Lincoln General Insurance Co. $16.5 million in damages in the reinsurer's suit claiming it was bilked out of millions of dollars.

Following a four-day trial, Judge Jane Boyle of the Northern District of Texas ordered the award on a claim of tortious interference brought by Lincoln General, which accused U.S. Auto of illicitly withholding millions of dollars from the reinsurer by improperly altering...
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