[Download] "Continental Casualty Co. v. Northwestern National Insurance Co." by In the United States Court of Appeals for the Seventh Circuit ~ Book PDF Kindle ePub Free

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eBook details

• Title: Continental Casualty Co. v. Northwestern National Insurance Co.
• Author : In the United States Court of Appeals for the Seventh Circuit
• Release Date : January 25, 2005
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 74 KB

Description

Continental Casualty Company ("CCC") and Continental Insurance Company ("CIC") brought a declaratory judgment action against Northwestern National Insurance Company ("NNIC"), seeking to clarify a 1996 Commutation and Release Agreement ("Agreement"). CCC and CIC are insurance companies. NNIC is also an insurance company, which provides reinsurance. NNICs predecessor, Bellefonte Insurance Company ("Bellefonte"), entered into various reinsurance contracts with CCC and CIC from the 1960s to the 1980s, under which Bellefonte assumed the risks insured by CCC and CIC. NNIC assumed responsibility for those contracts. In 1996, CCC and NNIC negotiated to commute some of these contracts. The parties disagree as to which reinsurance contracts the 1996 Agreement commuted. CCC and CIC maintain that the Agreement covered three specific reinsurance contracts between CCC and NNIC, and those three contracts only. NNIC argues, however, that the Agreement also commuted all reinsurance contracts between NNIC and CIC. Before the district court, CCC and CIC moved for summary judgment and NNIC filed a cross motion for summary judgment. The district court granted CCC and CICs motion and denied NNICs cross motion. NNIC appeals. For the following reasons, we now affirm.

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