INTERNATIONAL SURPLUS LINES INSURANCE COMPANY V CERTAIN UNDERWRITERS AND UNDERWRITING SYNDICATES AT LLOYD’S

(1995) 4 Re LR 356

United States District Court Southern District of Ohio (Eastern Division)

Before District Judge Sandra S Beckwith

Follow the fortunes - Asbestos-related claims - “Occurrence” - Reinsured’s decision to pay insurance proceeds to insured for asbestos claims on single occurrence basis, rather than contest coverage based upon argument that each claim was separate occurrence subject to $1 million deductible - Whether decision was reasonable and binding on reinsurers Whether reinsured entitled to summary judgment.