Travelers Wins $262M Asbestos Reinsurance Judgment By Kenneth J. St. Onge | August 25, 2010 Email This Subscribe to Newsletter Email to a friend Facebook Tweet LinkedIn Print Article Article 4 Comments August 25, 2010 at 4:49 am karen says: Like or Dislike: 0 0We even fight within our own industry. How sad. Come up reinsurers pony up Reply August 25, 2010 at 6:07 am Darth Vader says: Like or Dislike: 0 0I agree with your point Karen. It is time for reinsurers to pay their fair share. Reinsurers resisted paying because they make their money on the float, and if the float is more profitable the reinsurer makes more money. It is sad but ture. Reply August 25, 2010 at 6:33 am Rebel says: Like or Dislike: 0 0I agree, they take the premiums but don’t want to pay. Any punitive damages for bad faith on the horizon? Reply August 26, 2010 at 7:06 am wudchuck says: Like or Dislike: 0 0well, look at the interest occurred, it almost doubled… if it get’s appealed how much more interest will be acrued if they lose on the appeal? if they were smart, pay up especially since many others have settled already… Reply Add a Comment Cancel reply Your email address will not be published. Required fields are marked * Name * Email * Comment ΔNotify me of comments via e-mail
We even fight within our own industry. How sad. Come up reinsurers pony up
I agree with your point Karen. It is time for reinsurers to pay their fair share.
Reinsurers resisted paying because they make their money on the float, and if the float is more profitable the reinsurer makes more money.
It is sad but ture.
I agree, they take the premiums but don’t want to pay. Any punitive damages for bad faith on the horizon?
well, look at the interest occurred, it almost doubled… if it get’s appealed how much more interest will be acrued if they lose on the appeal? if they were smart, pay up especially since many others have settled already…