STORY FROM: Reinsurance & Arbitration
Reinsurers Seek Reconsideration of Order Requiring Arbitration of Billings Dispute
April 10, 2020
BOSTON — Certain Underwriters at Lloyd’s London have asked a Massachusetts federal judge to reconsider her ruling that an arbitration panel should decide whether a prior award issued in a dispute over reinsurance billings for sexual molestation claims filed against Boy Scouts of America applies to a second set of billings that did not follow the same allocation method as the first set of billings.
In an April 3 motion for reconsideration filed before Judge Denise Casper of the U.S. District Court for the District of Massachusetts, Underwriters maintain that the order misconstrues the choice-of-law provisions in the reinsurance treaty, ...
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