7th Circuit Affirms Judgment For Insurer In Dispute Over Rescinded Policies

(August 23, 2024, 8:37 AM EDT) -- CHICAGO — The Seventh Circuit U.S. Court of Appeals affirmed a district court’s ruling granting summary judgment to a reinsurer seeking to rescind policies issued to a waste collection company for the company’s purported misrepresentations in policy applications regarding failure to disclose a dispute over misuse of the company name, finding that the misrepresentations were material and therefore supported rescission of the policies....