Hartford-based Travelers Casualty and Surety Co. has filed breach-of-contract claims against three insurance carriers claiming they failed to pay valid claims under a series of reinsurance contracts.
The Travelers subisdiary, formerly known as The Aetna Casualty and Surety Co., claims in its Tuesday lawsuits filed in U.S. District Court in Connecticut that Nationwide Mutual Insurance Co., its sister company National Casualty Co. and Lamorak insurance Co. failed to meet obligations totaling more than $900,000. The nearly identical lawsuits were brought by Hartford-based Day Pitney.
Related: Travelers ordered to abide by $500M asbestos pact
|Underlying asbestos claims
The crux of the civil case surrounds Travelers insuring Pittsburgh Corning Corp, (PCC) which sold asbestos-containing products for decades. Over a period of time, the company was sued by individuals alleging they suffered bodily injury from exposure to the products.
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Robert Storace
Robert Storace covers legal trends, lawsuits and analysis for the Connecticut Law Tribune. Follow him on Twitter @RobertSCTLaw or reach him at 203-437-5950.
