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Travelers Seeks $3M From Reinsurers After Deal

Law360 (March 30, 2009, 12:00 AM EDT) -- Travelers Indemnity Co. has asked a federal judge to order three European reinsurers to post almost $3 million in security on policies that date back decades, as the insurer pursues a breach of contract lawsuit stemming from an environmental settlement with Goodyear Tire & Rubber Co.

The insurer sued the reinsurers earlier this month and filed an amended complaint along with a prepleading security motion Friday in the U.S. District Court for the District of Connecticut.

The lawsuit names France-based insurers Assurance Generales de France SA...
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