• Second Circuit Gives Insurer-Cedent Substantial Discretion in Settlement Allocation
  • May 25, 2006 | Author: Richard T. Franch
  • Law Firm: Jenner & Block LLP - Chicago Office
  • The scope of the follow-the-fortunes doctrine has been a matter of considerable debate. In Travelers Casualty & Surety Co. v. Gerling Global Reinsurance Corp. of America, 419 F.3d 181 (2d Cir. 2005), the Second Circuit took an expansive view of the doctrine.