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INSURANCE CONTRACT - Interpretation - Terms

Wednesday, February 07, 2018 @ 8:42 AM  

Appeal by the defendant insurers, Equinox Global and Lloyd's Underwriters, from the dismissal of their motion for a stay of the action by the plaintiff insured, Trade Finance Solutions. The insured provided financing and trade credit to small and medium sized businesses. It advanced funds in exchange for assignment of their receivables. To mitigate the possibility of unpaid receivables, it obtained trade credit insurance from the defendant insurers. The insurers' base policy included a provision that any disputes arising from the contract were to be resolved...