November 22, 2023
An AIG unit's reinsurer urged a Kentucky federal court to toss all claims by an alloy producer over coverage for cleanup costs incurred at a site near the Tennessee River, arguing it only has liabilities to the AIG unit, which "remains ultimately responsible for all obligations under the policy."
November 29, 2022
An AIG unit and separate reinsurer accused of "abruptly changing" their nearly 18-year coverage position over pollution-related cleanup costs must face an alloy producer's bad faith claims, a Kentucky federal court ruled, finding the company sufficiently alleged that the insurers recklessly disregarded its interests.
August 29, 2022
A reinsurer cannot be dismissed from a dispute over coverage of an alloy manufacturer's pollution cleanup costs, a Kentucky federal court said, holding that it was too early to conclude whether the reinsurer was potentially liable and therefore properly included in the suit.