STORY FROM: Reinsurance & Arbitration

Trial Scheduled in Neb. Dispute Over Alleged Breach of Promissory Note

OMAHA, Neb. — A non-jury trial has been scheduled in a dispute over whether Top’s Personnel Inc. owes a billing agent $229,935 under a promissory note executed in connection with a reinsurance participation agreement.

In an Aug. 8 final progression order, Magistrate Judge Cheryl Zwart of the U.S. District Court for the District of Nebraska scheduled the trial for April 24, 2017, before Judge John Gerrard.

Applied Underwriters Captive Risk Assurance Company Inc. (ACURA) and Top's entered into a reinsurance participation agreement (RPA) on Dec. 14, 2011. Applied Risk Services was designated as the billing agent for both parties to ...

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