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Lexington wins unprecedented $3.9 million payment combat in opposition to Nice American surety

whysavetoday by whysavetoday
March 27, 2026
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Lexington wins unprecedented $3.9 million payment combat in opposition to Nice American surety
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The ruling, handed down on March 24, 2026, by Choose Theresa L. Springmann of america District Court docket for the Northern District of Indiana, resolved a query that neither celebration – nor the court docket – might discover any precedent for: when a legal responsibility insurer pays for its insured’s protection in an arbitration, and the arbitration panel then awards those self same protection prices again to the insured, does the cash belong to the insurer or to the surety that additionally has a declare on the insured’s belongings?

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Tags: AmericanFeefightGreatLexingtonMillionSuretyunprecedentedwins
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