Travelers V. INA And The Follow-The-Fortunes Doctrine

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Law360, New York (August 10, 2010) -- In Travelers Casualty Co. v. Insurance Co. of North America, the U.S. Court of Appeals for the Third Circuit confronted the difficult problem of how cedents and reinsurers allocate liabilities across 11 years of coverage and three layers of primary and excess insurance. Not surprisingly, this thorny reinsurance problem began with an equally troubling liability coverage claim.