Legal Opinion
Society of Lloyd's v. Estate of McMurray
Court of Appeals for the Seventh Circuit
Decided December 11, 2001No. 01-1965PublishedCited by 1 opinion
1Opinion of the Court
TERENCE T. EVANS, Circuit Judge.
Harris Trust and Savings Bank, the trustee of a trust created by John William McMurray, appeals from the district court’s order that it pay a million dollar judgment that the Society of Lloyd’s1 obtained against McMurray. McMurray died on August 28, 1997, while Lloyd’s was suing him in an English court.
Lloyd’s is the regulator of an English insurance market in London. It is not an insurer. Individual underwriting members of Lloyd’s, known as “Names,” independently assume insurance risks, and each Name faces personal liability, much like a partner in a general…
2Cases cited10 opinions
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- Indiana Gas Company, Inc. v. Home Insurance CompanyCourt of Appeals for the Seventh Circuit · 1998
- Kennedy v. Four Boys Labor Services, Inc.Appellate Court of Illinois · 1996
- City of Chicago v. Air Auto Leasing Co.Appellate Court of Illinois · 1998
- Mid-American Elevator Co. v. Norcon, Inc.Appellate Court of Illinois · 1997
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3Cited by1 opinion
- Society of Lloyd's v. Estate of McMurrayCourt of Appeals for the Seventh Circuit · 2001