In Search For Clarity: U.S. Court Decisions On Whether To Imply Follow -the-Fortunes And Follow-the-Settlements Principles Into Reinsurance Contracts

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Foley & Lardner
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Foley & Lardner LLP looks beyond the law to focus on the constantly evolving demands facing our clients and their industries. With over 1,100 lawyers in 24 offices across the United States, Mexico, Europe and Asia, Foley approaches client service by first understanding our clients’ priorities, objectives and challenges. We work hard to understand our clients’ issues and forge long-term relationships with them to help achieve successful outcomes and solve their legal issues through practical business advice and cutting-edge legal insight. Our clients view us as trusted business advisors because we understand that great legal service is only valuable if it is relevant, practical and beneficial to their businesses.
Undoubtedly, reinsurance practitioners learn early on certain fundamental principles and customary practices that define reinsurance.
United States Insurance
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Undoubtedly, reinsurance practitioners learn early on certain fundamental principles and customary practices that define reinsurance. For many, Robert W. Strain, Reinsurance (6th ed. 1997) was required reading to try to understand what reinsurance is and isn't (such as, for example, "reassurance"). Small wonder: the Strain treatise's essays were written by, edited, and reviewed by "a veritable WHO's WHO in the reinsurance business," and recommended by their peers, "whose know-ledge, experience, and judgment . . . was, for the most part, from a life's work." In other words, Strain captures the principles and customs of the industry as well as anyone.

This story was published in ARIAS U.S. Quarterly. To download the publication, click here.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

In Search For Clarity: U.S. Court Decisions On Whether To Imply Follow -the-Fortunes And Follow-the-Settlements Principles Into Reinsurance Contracts

United States Insurance
Contributor
Foley & Lardner LLP looks beyond the law to focus on the constantly evolving demands facing our clients and their industries. With over 1,100 lawyers in 24 offices across the United States, Mexico, Europe and Asia, Foley approaches client service by first understanding our clients’ priorities, objectives and challenges. We work hard to understand our clients’ issues and forge long-term relationships with them to help achieve successful outcomes and solve their legal issues through practical business advice and cutting-edge legal insight. Our clients view us as trusted business advisors because we understand that great legal service is only valuable if it is relevant, practical and beneficial to their businesses.
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