Reinsurance & Arbitration
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Travelers Casualty and Surety Co. and Allstate Insurance Co. have agreed to litigate a $1.25 million reinsurance dispute in Connecticut federal court after stipulating to dismissal without prejudice of a prior filed action in Illinois.
Parties Urge N.Y. Federal Judge to Consider Summary Judgment Motions in $1.7 Million Reinsurance Case
The parties in a $1.7 million reinsurance action involving an underlying asbestos settlement are urging a New York federal judge to consider their renewed cross-motions for summary judgment, arguing that more than 20 months have passed since the motions were filed.
The liquidator of The Home Insurance Co. has asked a New York federal court to enter a default judgment against Cerberus Holding Company LLC, arguing that Cerberus has failed to appear or otherwise respond to a claim seeking payment under three facultative reinsurance certificates.
An action in which an insurer accused U.S. Bank National Association of breaching its duties as trustee of a reinsurance trust account has been settled, according to a joint status report filed in South Carolina federal court.
In the wake of an adverse $64 million reinsurance verdict, Fireman's Fund Insurance Co. (FFIC) argues that it is entitled to judgment as a matter of law or a new trial, arguing that Utica Mutual Insurance Co. has failed to prove that the certificates at issue provided coverage, or that its reinsurance claim was timely.
Top's Personnel Inc. has asserted a class action counterclaim against Applied Underwriters Inc., accusing it of fraudulently charging employer-insureds drastically inflated premiums and costs for workers' compensation insurance.
A group of insurers have challenged a New York federal magistrate judge's recommended denial of their claims against the Islamic Republic of Iran for sums paid pursuant to reinsurance policies for damages arising from the Sept. 11, 2001, terrorist attacks.
The U.S. Supreme Court has refused to decide whether a court or an arbitrator should hear a challenge to an arbitration agreement that includes a delegation provision which calls for arbitration of questions of arbitrability.
Travelers Casualty and Surety Co. has asked a Connecticut federal judge to enjoin Allstate Insurance Co. from prosecuting an Illinois action in which Allstate seeks a ruling that it does not owe Travelers $1.25 million in reinsurance proceeds.
An action in which Canal Insurance Co. accused Golden Isles Reinsurance Company Ltd. of fraudulently liquidating its assets to avoid paying its reinsurance obligations has been settled, according to a recent filing in Georgia federal court.