Utica Mutual Insurance Co. News

Unclear Policy Endorsement Makes Excess Insurer Liable for Fuel Spill

Confusing language in a policy issued by an excess insurer puts the carrier on the hook for up to $5 million in clean-up costs after a policyholders’ tanker truck overturned and spilled its load of fuel, the 1st Circuit Court …

2nd Circuit Throws Out $64 Million Jury Award Against Fireman’s Fund

A federal appellate court on Tuesday overturned a jury’s award of $64 million against Fireman’s Fund Insurance Co. for allegedly breaching the terms of a reinsurance agreement. The 2nd Circuit Court of Appeals found that Fireman’s Fund was not liable …