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Insurance Law
Saturday, December 05, 2009
 
Insurer: Insured Schemed With 2nd Insurer To Shift Liability For Claims
CINCINNATI - Federal Insurance Co. argues to the Sixth Circuit U.S. Court of Appeals that an insured colluded with another insurer to shift liability for underlying securities litigation back to Federal by, among other things, purchasing extended reporting period coverage after the second policy incepted (Abercrombie & Fitch Co. v. Federal Insurance Co., No. 09-3096, 6th Cir.). From Mealey's Insurance Pleadings

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