TIG Can Amend Suit Over Asbestos Reinsurance

Law360, New York (April 9, 2009, 12:00 AM EDT) -- Despite defendants' objections, a judge has allowed plaintiff TIG Insurance Co. to amend its suit accusing two ACE INA Group insurers of failing to honor reinsurance obligations for Honeywell International Inc. asbestos litigation costs.

On Wednesday, U.S. Magistrate Judge Theodore H. Katz issued an order in the U.S. District Court for the Southern District of New York allowing TIG to file its second amended complaint against Century Indemnity Co. and ACE Property & Casualty Insurance Co., both of which are members of the ACE INA Group...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.