AGF, Wasa, win pollution case in Lords
AGF Insurance and Wasa International, acting as reinsurers, have won a Law Lords decision that restricts their reimbursement of Massachusetts-based Lexington Insurance to claims that occurred only during the three-year period of the reinsurance, even though Lexington, now a surplus lines unit of AIU Holdings, has been ordered to pay pollution clean-up costs covering a period of about 50 years.