STORY FROM: Reinsurance & Arbitration
Lamorak Insurance Opposes Reinsurers’ Motion to Compel Production in Allocation Dispute
July 15, 2020
BOSTON — Lamorak Insurance Co. has opposed reinsurers’ motion to compel production of discovery regarding its allocation of reinsurance billings for its 2009 settlement of pollution claims, arguing that a majority of the documents sought pre-date the settlement.
In a July 10 opposition filed before Magistrate Judge M. Page Kelley of the U.S. District Court for the District of Massachusetts, Lamorak contends that it has fully explained and supported its allocation decisions, which Certain London Market Company Reinsurers (LMR) have second-guessed.
Lamorak issued three umbrella policies to chemical manufacturer Olin Corp. in the 1970s. LMR reinsured Lamorak’s risk under three ...