STORY FROM: Reinsurance & Arbitration

Top’s Personnel Urges Neb. Federal Judge To Send Promissory Note Dispute to Arbitration

OMAHA — Top’s Personnel Inc. is urging a Nebraska federal judge to dismiss or stay an action in which Applied Underwriters Inc. (AUI) seeks payment under a promissory note, asserting that the arbitration clause in a related reinsurance agreement applies to the dispute.

In a reply brief filed April 19 in the U.S. District Court for the District of Nebraska, Top’s contends that the promissory note, which does not contain a reinsurance agreement, did not supersede the reinsurance agreement because it did not explicitly provide as such.

Applied Underwriters Captive Risk Assurance Company Inc. (ACURA) and Top's Personnel entered ...

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