Reinsurance & Arbitration
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National Union Fire Insurance Company of Pittsburgh is urging a New York federal judge to require two reinsurers to submit to an arbitration in which it seeks reimbursement for an underlying settlement of asbestos claims asserted against PPG Industries Inc.
A New York federal judge has issued an amended scheduling order in a reinsurance action involving the settlement of claims stemming from a 2008 deadly trucking accident.
A bench trial has begun in a dispute between Munich Reinsurance America Inc. and Utica Mutual Insurance Co. concerning reinsurance coverage for an underlying settlement of asbestos claims filed against Goulds Pumps Inc.
A Connecticut federal judge has sent a dispute arising from Applied Underwriters Inc.’s “EquityComp” workers’ compensation program to a magistrate judge for settlement discussions, according to a recent order.
A New York federal judge has issued a stipulated confidentiality order in a lawsuit in which the liquidator of The Home Insurance Co. is seeking payment of reinsurance proceeds under three facultative reinsurance certificates.
Odyssey Reinsurance Co. is urging a California federal judge to authorize payment of $734,702.68 to it in partial satisfaction of a $3.2 million judgment rendered against Cal-Regent Services Corp., arguing that the funds are not required to remain in a court registry until a final judgment is issued.
Plaintiffs who accuse Banner Life Insurance Co. of shifting its debt to offshore reinsurers in order to hide its “questionable” solvency have moved to certify a class of individuals who purchased universal life policies from Banner and were later allegedly hit with skyrocketing “cost of insurance” rates.
A landscaping company is appealing a California federal judge’s confirmation of an arbitration award issued in favor of Applied Underwriters Captive Risk Assurance Co. (AUCRA).
A New York federal judge has awarded $5.28 million to six insurers for damages arising from the Sept. 11, 2001, terrorist attacks, ruling that they are entitled to amounts they paid under their reinsurance contracts.
A New York federal judge has addressed various motions in limine filed by Munich Reinsurance America Inc. and Utica Mutual Insurance Co. in a reinsurance dispute, ruling in part that Utica may present evidence concerning follow-the-fortunes and follow-the-settlements at trial.