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Alternative Re and Arch Excess sued in South Carolina

A South Carolina risk purchasing firm is suing two Bermuda companies for at least $122,000 in damages and an injunction preventing the commutation of an insurance policy.
The action was filed at the U. S. District Court for the District of South Carolina on August 31, 2004 against Alternative Re Holdings Ltd., of Bermuda, Arch Excess & Surplus Lines Insurance Co., of Bermuda; and Indiana Provider Coalition Inc., of Indiana. Plaintiff LTC Risk Purchasing Group Inc., of South Carolina, alleges beach of contract and is seeking an accounting, declaratory relief, and injunctive relief.