STORY FROM: Reinsurance & Arbitration

Judge Adopts Order Protecting Claims Information in $9.3 Million Fraud Action

NEW YORK — A New York federal magistrate judge has adopted a stipulated protective order that protects claims files and claims handling information in a lawsuit in which a reinsurer and its agent allege that they were bilked out of $9.3 million in a reinsurance scheme.

In a Jan. 4 order, Magistrate Judge James L. Cott of the U.S. District Court for the Southern District of New York ruled that the plaintiffs’ production of the files and information does not constitute a waiver of third-party work product protection or first party coverage advice.

Under the “Safebuilt Reinsurance Program,” Safebuilt Insurance ...

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