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
Court New York State Court of Appeals
Case Number 2000-2299, 2000-2300
- No "hindsight" underwriting
- Pollution Exclusion and Coverages
- New York