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Lawsuit seeks 27 million for Martell policyholders
A federal style of record filed in St. Croix County Circuit Court seeks more than 27 million in damages for Martell Mutual Town Insurance Co of Baldwin policyholders. The suit names 11 former officers and directors of Martell Mutual and others including E.W. Blanch Co and seven reinsurance firms. It accuses officers and directors of negligence in failing to secure adequate reinsurance, reserves, pricing, commissions, and underwriting standards.
MENTIONED IN THIS ARTICLE
Martell Mutual Town Insurance Co
Baldwin
St. Croix County
Martell Mutual
E.W. Blanch Co
Wisconsin
Commissioner of Insurance
Commissioner’s Office
Constitution Reinsurance Corp
New York
Sentry Insurance Co
Sentry Reinsurance Management Inc
Stevens Point
Pennsylvania
Manufacturer’s Assn
Philadelphia
Hansco Insurance Co
Boston
Universal Reinsurance Co
Hunterdon City
N.J
Firemans Fund Insurance Co
San Fransciso
Blanch
Martell
Insurance Commissioner’s Office
Allan Keener
Peoria, Ill
Gregory Goodrich
Gunther Ruch
Craig Lochner
Madison
Blanch Company
Office of Commissioner of Insurance