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CONTINENTAL CAS. CO. & CONTINENTAL INSURANCE CO. v. NORTHWESTERN NAT. INS. CO.

No. 04-3560.

427 F.3d 1038 (2005)

CONTINENTAL CASUALTY COMPANY and CONTINENTAL INSURANCE COMPANY, Plaintiffs-Appellees, v. NORTHWESTERN NATIONAL INSURANCE COMPANY, Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided October 25, 2005.

Attorney(s) appearing for the Case

Melville W. Washburn, Constantine L. Trela, Jr. (argued), Sidley Austin Brown & Wood, Chicago, IL, for Plaintiffs-Appellees.

Evan L. Smoak (argued), R. Steven Anderson, Barger & Wolen, New York, NY, for Defendant-Appellant.

Before FLAUM, Chief Judge, and RIPPLE and KANNE, Circuit Judges.

FLAUM, Chief Judge.

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. NNIC's predecessor, Bellefonte Insurance Company ("Bellefonte"), entered into various reinsurance...

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