Insurer Says Reinsurer Is Bound By Follow-The-Fortunes Clause

MADISON, Wis. - An insurer told a federal court in Wisconsin on Jan. 22 that it is entitled to summary judgment on its claims against its reinsurer because there are no issues of material fact under dispute and all facts point to the reinsurer owing the insurer more than $500,000 (Employers Insurance Company of Wausau v. R&Q Reinsurance Company, No. 13-cv-00709, W.D. Wis.).

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