STORY FROM: Reinsurance & Arbitration
Reinsurer Seeks to Reopen Discovery in N.Y. Action as to Cedent’s Alleged Damages
January 4, 2019
NEW YORK — Endurance Assurance Corp. has asked a New York federal judge to reopen discovery in a reinsurance dispute involving a 2008 deadly trucking accident to allow it to conduct depositions concerning a cedent’s calculation of its alleged damages.
In a Jan. 3 letter filed in the U.S. District Court for the Southern District of New York, Endurance argues that eight months after the close of fact discovery, Florists’ Insurance Co. submitted a reinsurance billing of more than $4 million — a 250 percent increase in the amount it seeks to recover. As such, additional depositions are warranted, the ...
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