MENTOR INSURANCE CO (UK) LTD MENTOR INSURANCE LTD V NORGES BRANNKASSESKANDIA INSURANCE COMPANY RHONE MEDITERRANEE ASSURANCE GENERALES ANCIENNE MUTUELL ACCIDENT AND TRANSATLANTISHE-A.I.G. OIL RIG INC NEW HAMPSHIRE INSURANCE COMPANY AMERICAN HOME ASSURANCE COMPANY NATIONAL UNION FIRE INSURANCE COMPANY AMERICAN REINSURANCE COMPANY

(1993) 2 Re LR 268

United States Court of Appeals (Second Circuit)

Before Chief Judge Meskill, Circuit Judge Feinberg and Circuit Judge Jacobs

Follow fortunes - Marine - TLO - Definition of loss transaction - Bona fide settlement by insurer under deductible policy - Claim against reinsurer on CTL basis after original claim by insured settled on partial loss basis - Whether evidence supported findings that notice of abandonment was not treated in insurance industry as prerequisite to claim for total loss - Whether waiver an accepted practice.