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Mealeys

Mealey's Insurance - 7th Circuit Dismisses Appeal In Reinsurance Case Over Mine Damages

CHICAGO - The Seventh Circuit U.S. Court of Appeals on Jan. 6 dismissed an insurance fund's appeal of a ruling that the fund failed to show the application of an alter-ego exception to the general rule of no liability for a railroad company's stockholder and failed to prove that a de facto merger occurred in its reinsurance dispute over payments for mine subsidence damages (Illinois Mine Subsidence Insurance Fund v. Union Pacific Railroad Co., No. 19-2965, 7th Cir.).
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