STORY FROM: Reinsurance & Arbitration
CNA Urges Wis. Federal Court to Enforce Umpire Selection Procedure and Appoint One of its Candidates
June 10, 2016
MADISON, Wis. — Continental Casualty Co. is urging a Wisconsin federal court to reject Employers Insurance of Wausau’s motion for judicial appointment of an umpire to oversee a reinsurance arbitration, arguing that CNA has named unbiased candidates in accordance with the contracts’ umpire appointment procedure.
In its June 3 cross-petition, CNA asks the U.S. District Court for the Western District of Wisconsin to enforce the contractual umpire selection procedure, arguing that Wausau has failed to show that CNA’s candidates are not unbiased.
CNA was reinsured under an Underlying Excess of Loss Reinsurance Agreement in which Wausau participated in 1977-1979; a ...
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