Platinum Supplemental Insurance, Inc. v. Guarantee Trust Life Insurance Co.

Docket Number20-1906
Decision Date02 March 2021
In 2002, GTL, a mutual reserve company that underwrites insurance policies, engaged Platinum to market its insurance products. After a customer sued both parties, GTL terminated the marketing agreement. In 2015, the lawsuit settled. GTL sued Platinum for breaching the marketing agreement. In 2017, in arbitration, GTL and Platinum entered a settlement agreement, resolving all the claims that had and could have been brought in that litigation and providing for “reasonably proportionate”...

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16 cases
  • Romspen Mortg. Ltd. P'ship v. BGC Holdings LLC – Arlington Place One
    • United States
    • U.S. Court of Appeals — Seventh Circuit
    • December 13, 2021
    ...other reading would render superfluous the "commercially reasonable efforts" requirement. See Platinum Supplemental Ins., Inc. v. Guar. Tr. Life Ins. Co. , 989 F.3d 556, 565 (7th Cir. 2021) (We do "not interpret a contract in a manner that would nullify or render provisions meaningless, or ......
  • Cont'l W. Ins. Co. v. Country Mut. Ins. Co.
    • United States
    • U.S. Court of Appeals — Seventh Circuit
    • June 24, 2021
    ..., 175 F.3d 544, 550 (7th Cir. 1999). In Illinois, fee awards must always be reasonable, see Platinum Supplemental Ins., Inc. v. Guarantee Tr. Life Ins. Co. , 989 F.3d 556, 571 & n.7 (7th Cir. 2021) (citing Powers v. Rockford Stop-N-Go, Inc. , 326 Ill.App.3d 511, 260 Ill.Dec. 393, 761 N.E.2d......
  • Cage v. Harper
    • United States
    • U.S. District Court — Northern District of Illinois
    • July 16, 2021
    ... ... Iron Works Gym/Exec. Health ... Spa, Inc. , 301 F.3d 610, 613 (7th Cir. 2002). In other ... life, ... liberty, or property, without due ... See ... Horne v. Electric Eel Mfg. Co. , 987 F.3d 704, 718 (7th ... Cir. 2021) ... See Selective Ins. Co. of ... South Carolina v. Target Corp ... See Platinum Supp. Ins., Inc. v. Guarantee Trust Life ... supplemental provision that augments what's in the ... ...
  • Burberry Ltd. v. Yarbrough
    • United States
    • U.S. District Court — Northern District of Illinois
    • November 17, 2021
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1 books & journal articles
  • Liability Insurance and Contractual Aspects of Settlement.
    • United States
    • Missouri Law Review Vol. 87 No. 1, January 2022
    • January 1, 2022
    ...v. Village of Plain City, 102 N.E.3d 10, 14 (Ohio Ct. App. 2017). (10) Platinum Supplemental Ins., Inc. v. Guarantee Tr. Life Ins. Co., 989 F.3d 556, 563 (7th Cir. 2021) (applying Illinois law); Prop. Cal. SCJLW One Corp. v. Leamy, 236 Cal. Rptr. 3d 500, 506 (Ct. App. 2018); Avery v. Comm'r......

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