STORY FROM: Reinsurance & Arbitration

Parties Drop Dispute Over Whether $3.7 Million Reinsurance Case Should be Arbitrated

BALTIMORE — Certain Lloyd’s of London Underwriters has agreed to dismissal of a lawsuit involving whether a $3.7 million reinsurance dispute should be arbitrated, according to a joint stipulation filed before a Maryland federal judge.

According to the April 22 filing in the U.S. District Court for the District of Maryland, the parties agreed to dismissal of the matter with prejudice.

On Sept. 25, 2017, a fire occurred at Whitehouse & Shapiro LLC’s Baltimore warehouse, during which the roof and a large wall collapsed. The property was covered under a policy issued by American Casualty Company of Reading, Pennsylvania and ...

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