STORY FROM: Reinsurance & Arbitration
Reinsurers Not Required to Produce Olin Settlement Info, Mass. Judge Rules
November 12, 2019
BOSTON — Certain London Market Reinsurers (LMR) are not required to produce documents and interrogatory relating to their 2009 settlement of pollution claims with Olin Corp. in a reinsurance dispute with Lamorak Insurance Co., a Massachusetts federal magistrate judge has ruled.
In a Nov. 8 docket text, Magistrate Judge M. Page Kelley of the U.S. District Court for the District of Massachusetts found the discovery sought by Lamorak would be too difficult and overly burdensome to produce.
Lamorak issued three umbrella policies to chemical manufacturer Olin Corp. in the 1970s. LMR reinsured Lamorak’s risk under three facultative contracts.
Olin became ...
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