Liquidator Demands $105,398 in Reinsurance Proceeds from Repwest
December 20, 2011
CONCORD, N.H. - The liquidator of The Home Insurance Co. has sued Repwest Insurance Co. for $105,398 in reinsurance proceeds for underlying losses sustained by Quaker State Oil Refining Corp. Sevigny v. Repwest Insurance Co., No. 11-405
The Dec. 16 first amended complaint, filed in the U.S. District Court for the District of New Hampshire, says Repwest has waived its right to defend the claims and may not set off any sums due.
According to the complaint, The Home Insurance Co.'s predecessor, Home Indemnity Co., issued a policy to Quaker State Oil Refining Corp. effective April 1, 1983, to …