Legal Opinion
Ashenden v. Lloyd's of London
District Court, N.D. Illinois
Decided August 2, 1996No. 96 C 0852PublishedCited by 5 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
CASTILLO, District Judge.
The plaintiffs in this action are current or former members (“Names”) of Lloyd’s of London — investors in insurance syndicates operating in the marketplace controlled by Lloyd’s. This action is one of many arising from the recruitment of U.S. investors into Lloyd’s during the roaring 1980s at a time when Lloyd’s financial health was faltering due to many syndicates’ underwriting of “long tail” risks — risks in which liability for an insured’s earlier actions may surface years after those actions were taken (and years after the insurance…
2Cases cited27 opinions
- Colorado River Water Conservation District v. United StatesSupreme Court of the United States · 1976
- Strawbridge v. CurtissSupreme Court of the United States · 1806
- Carden v. Arkoma AssociatesSupreme Court of the United States · 1990
- Will v. Calvert Fire InsuranceSupreme Court of the United States · 1978
- Great Southern Fire Proof Hotel Company v. JonesSupreme Court of the United States · 1899
22 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Garcia v. Farmers Insurance ExchangeDistrict Court, N.D. Illinois · 2000
- Montgomery v. Markel International Insurance Co.District Court, N.D. Illinois · 2017
- Society of Lloyd's v. ReinhartCourt of Appeals for the Tenth Circuit · 2005
- Aguilar Alvarado v. Liberty Surplus Insurance CorporationDistrict Court, N.D. Illinois · 2024
- Society of Lloyd's v. Richard A. Reinhart, Society of Lloyd's v. Grant R. Caldwell, David L. Gillette, James R. Kruse, Edward W. Muir, and Kent B. Petersen, Society of Lloyd's v. Stephen M. Harmsen Kelly C. Harmsen, Society of Lloyd's v. Wallace R. BennettCourt of Appeals for the Tenth Circuit · 2005