STORY FROM: Reinsurance & Arbitration
Neb. Federal Judge Orders Applied Risk Services to Show Why Reinsurance Claim Should Not Be Dismissed
January 25, 2016
OMAHA, Neb. — A Nebraska federal judge has ordered Applied Risk Services Inc. to show cause as to why its claim seeking sums allegedly due a reinsurance participation agreement (RPA) should not be dismissed for lack of standing.
On Jan. 22, Judge John M. Gerrard of the U.S. District Court for the District of Nebraska noted that Applied Risk is not a party to the RPA and the complaint and briefs are vague as to the identity of the parties and their relationships to one another.
Applied Underwriters Captive Risk Assurance Company Inc. and Top's Personnel entered into an RPA ...
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