Allmerica Financial Corp. v. Certain Underwriters at Lloyd's
Massachusetts Supreme Judicial Court
1Opinion of the CourtCordy, J.
After the plaintiff Allmerica Financial Corporation, along with its affiliated companies (together, Allmerica), settled a class action lawsuit alleging, inter alla, improper practices in the sale of its life insurance policies, it sought indemnification from its insurers. Allmerica’s primary insurer had participated in the settlement negotiations and agreed to pay its policy’s limit into the settlement fund. Allmerica also held an excess insurance policy written by the defendants, who are certain underwriters at Lloyd’s, London (underwriters). That policy was a so-called “follow form” policy,…
2Cases cited31 opinions
- Pederson v. Time, Inc.Massachusetts Supreme Judicial Court · 1989
- Community National Bank v. DawesMassachusetts Supreme Judicial Court · 1976
- Augat, Inc. v. Liberty Mutual InsuranceMassachusetts Supreme Judicial Court · 1991
- Attorney General v. BaileyMassachusetts Supreme Judicial Court · 1982
- Cody v. Connecticut General Life InsuranceMassachusetts Supreme Judicial Court · 1982
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3Cited by70 opinions
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