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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Rubenstein v. Royal Insurance Co. of America, 45 Mass. App. Ct. 244 (1998)

Citation
Rubenstein v. Royal Insurance Co. of America, 45 Mass. App. Ct. 244 (1998)
Parent Document
Rubenstein v. Royal Insurance Co. of America, 45 Mass. App. Ct. 244 (1998)
Jurisdiction
Massachusetts (state)
Effective Date
1998-07-28

Full Text

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Meanwhile, in August of 1994, the trustees executed a separate settlement agreement with Wausau in which they agreed to release Wausau from any obligation to reimburse them for any portion of the $425,000 ultimately paid to settle the underlying action. Wausau, in turn, agreed to release the trustees from any obligation to reimburse it for the $261,902.84 for defense costs it had advanced. Wausau also agreed to assign to the tmstees its contribution rights against the other insurers, including Royal, arising from its payment of those defense costs (assignment agreement).