STORY FROM: Reinsurance & Arbitration
Top’s Personnel Urges Neb. Federal Judge To Send Promissory Note Dispute to Arbitration
April 27, 2016
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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