Named Insured Subsidiary Is Not Responsible For Premiums, Ohio Federal Judge Says

Named Insured Subsidiary Is Not Responsible For Premiums, Ohio Federal Judge Says

CINCINNATI - A named insured has no duty to pay retrospective premiums to an insurer because the named insured's parent company was the only party from which the insurer received premium payments and the insurer did not negotiate the right to seek premium payments from subsidiary companies, an Ohio federal judge said Aug. 27 (Transportation Insurance Co. v. Busy Beaver Building Centers Inc., No. 11-907, S.D. Ohio; 2013 U.S. Dist. LEXIS 121838).

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