QBE Sues 9 Insurers For Coverage Of Kickback Probes, Suits

Law360, New York (October 21, 2013, 4:34 PM EDT) -- Force-placed insurance giant QBE Holdings Inc. recently sued nine of its insurers, including affiliates of American International Group Inc., in New York state court, demanding coverage for several government investigations and lawsuits over improper kickbacks that it allegedly paid to banks.

QBE's Oct. 4 lawsuit targets primary insurers and AIG affiliates Chartis Specialty Insurance Co. and Illinois National Insurance Co., along with another primary carrier, Darwin Select Insurance Co., and excess carriers ACE American Insurance Co., Axis Insurance Co., Catlin Specialty Insurance Co., Continental Casualty Co.,...
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