Reinsurance & Arbitration
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A New York federal judge has scheduled a Feb. 25 jury trial in a reinsurance dispute between Utica Mutual Insurance Co. and R&Q Reinsurance Co. involving coverage for underlying asbestos injury claims.
A Connecticut federal judge has consolidated two actions arising from a dispute over whether a workers’ compensation policyholder breached an reinsurance participation agreement by failing to pay additional premiums.
A Maryland federal judge has extended the discovery deadlines by 16 days in a case accusing Banner Life Insurance Co. of shifting its debt to offshore reinsurers in order to hide its “questionable” solvency.
U.S. Bank National Association is urging a South Carolina federal judge bar an insurer from bringing a civil conspiracy claim in a lawsuit involving a reinsurance trust account, arguing the proposed claim is “futile and prejudicial.”
A New York federal judge has issued a “phase one” discovery plan and scheduling order in a lawsuit in which the liquidator of The Home Insurance Co. is seeking payment of reinsurance proceeds under three facultative reinsurance certificates.
Utica Mutual Insurance Co. has asked a New York federal judge to reconsider his refusal to award it summary judgment in a dispute over whether Munich Reinsurance America Inc. is obligated to pay Utica’s defense expenses arising from an underlying asbestos claims settlement.
Top’s Personnel Inc. has moved a Nebraska federal judge to certify a class action accusing Applied Underwriters Inc. (AUI) of charging policyholders grossly inflated premiums in its “EquityComp” and “SolutionOne” workers' compensation insurance program.
Assured Risk Transfer LLC has moved to stay discovery pending resolution of its motion to dismiss a lawsuit in which Vantage Commodities Financial Services Inc. is seeking payment of a $26 million judgment following a reinsurance arbitration ruling in its favor.
Lamorak Insurance Co. says it is not obligated to pay an $80,000 reinsurance billing submitted by Travelers Casualty Co. for the settlement of “Dr. Grant” asbestos claims levied against PPG Industries Inc. because Travelers breached the terms of the reinsurance treaties at issue.
Travelers Casualty and Surety Co. has refuted Allstate Insurance Co.’s counterclaim that it breached the “access to records” clause in a series of reinsurance treaties by refusing to provide information concerning billings for an underlying asbestos settlement.