Pine Top Receivables of Illinois, LLC v. Banco de Seguros del Estado

867 F.3d 709 (7th Cir. 2017)

Words & Phrases

Agent Broker: Statute Of Limitations

Trial Judge

Marvin E. Aspen

Appellate Judge

Easterbrook

Holding

Suit by insurance company liquidator against reinsurer was barred by statute of limitations.

Fact Summary

Reinsurance

filed more than ten years after last statement of account that netted various claims and payments between the parties. Further, liquidator was not entitled to wait to file suit until completion of liquidation, where it had not obtained judicial permission to delay submission of statements.

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