Friday, October 07, 2011

First Circuit -- Rosciti v. Insurance Company

Where a Rhode Island company self-insures and then goes bankrupt during pendency of liability suit, contract term prohibiting supplementary insurer from contributing until the company's retained limit had been paid out is unenforceable as contrary to public policy.

Rosciti v. Insurance Company
Compiled by D.E. Frydrychowski, who is, not incidentally, not giving you legal advice.

Category tags above are sporadically maintained Do not rely. Do not rely. Do not rely.

Author's SSRN page here.