STORY FROM: Reinsurance & Arbitration

Reinsurer Moves for Default Judgment in Okla. Federal Declaratory Judgment Action

OKLAHOMA CITY — A reinsurer has moved for default judgment in an action in which it is disclaiming its obligation to provide coverage to a telecommunications company and its employee for a 2016 deadly vehicle accident, arguing that neither party has responded to the summons.

In a Feb. 5 motion filed in the U.S. District for the Western District of Oklahoma, Star Insurance Co. contends that neither K&J Telecommunications LLC nor its employee have filed an answer or otherwise pleaded or defended the action within the time required.

United Specialty Insurance Co. (USIC) entered into a one-year commercial excess liability ...

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