Continental Casualty Company v. Midstates Reinsurance Corporation

Illinois Appellate Court
Civil Court
Insurance
Citation
Case Number: 
2014 IL App (1st) 133090
Decision Date: 
Tuesday, December 16, 2014
District: 
1st Dist.
Division/County: 
Cook Co., 2d Div.
Holding: 
Affirmed.
Justice: 
SIMON
(Court opinion corrected 12/23/14.) Insurer filed declaratory judgment action, seeking declaration of rights and obligations under multiple facultative reinsurance contracts it issued to Defendant reinsurance company. Court properly granted Defendant's motion for judgment on the pleadings, as certificates were not ambiguous and provide for aggregate policy limit that includes both losses and expenses assumed by Defendant.(NEVILLE and LIU, concurring.)