TRANSPORT INS. CO. v. OLD REPUBLIC INS. CO.

No. 54575.

6 Ill. App.3d 844 (1972)

286 N.E.2d 755

TRANSPORT INSURANCE COMPANY, Plaintiff-Appellee, v. OLD REPUBLIC INSURANCE COMPANY, Defendant-Appellant.

Appellate Court of Illinois — First District.

July 20, 1972.


Attorney(s) appearing for the Case

Kenneth J. Brundage and Sidney Z. Karasik, both of Chicago, for appellant.

Hinshaw, Culbertson, Moelmann, Hoban & Fuller, of Chicago, (John L. Kirkland and D. Kendall Griffith, of counsel,) for appellee.


Judgment affirmed.

Mr. JUSTICE DEMPSEY delivered the opinion of the court:

In 1964 the plaintiff, Transport Insurance Company, executed a re-insurance agreement with the defendant, Old Republic Insurance Company. According to its terms Transport as re-insurer agreed to reimburse the insurer, Old Republic, for all losses incurred by the insurer in excess of $15,000 per claim on an accident liability policy, with the re-insurer subject to a maximum liability...

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