Reinsurance companies should not be free from oversight and regulation. Lloyds should not be allowed to engage in “hindsight” underwriting to change “loss” to “occurrence” and to insert a “proximate cause” requirement. UP’s co-amici are Fresh Air Fund, Center for Children and Families and Police Athletic League.
Travelers Casualty and Surety Co vs. Certain Underwriters at Lloyds of London
Year
2000
Court
New York State Court of Appeals
Case Number
2000-2299, 2000-2300
Issue
- No "hindsight" underwriting
- Pollution Exclusion and Coverages
State
- New York