In a rare case defining what excess insurers owe one another, an Illinois appellate court ruled that it was reasonable for a supplemental excess insurer to expect an underlying insurer to attempt a more equitable settlement following a 15-story elevator crash.The 5th District Appellate Court of Illinois reversed and remanded a decision back to a trial court in Central Illinois Public Service Company v. Agricultural Insurance Company, No. 00-MR-494, 1/15/08, after the American International Specialty Lines Insurance Co. (AISLIC) filed a complaint alleging that the Agricultural Insurance Co. fai...
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