STORY FROM: Reinsurance & Arbitration
Wausau Asks Wis. Federal Court to Appoint Umpire to Oversee Reinsurance Arbitration With CNA
April 12, 2016
MADISON, Wis. — Employers Insurance of Wausau has asked a Wisconsin federal judge to appoint an umpire to oversee an ongoing reinsurance arbitration with Continental Casualty Co. (CNA), explaining that the parties have reached an impasse in the appointment procedure.
In an April 1 petition filed in the U.S. District Court for the Western District of Wisconsin, Wausau maintains that CNA has waived its right to name alternate candidates because it has continually refused to name neutral umpire candidates.
CNA was reinsured under an Underlying Excess of Loss Reinsurance Agreement in which Wausau participated in 1977-1979; a Blanket Excess of ...
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