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Reinsurance & Arbitration

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Current Issue

Century Says it Does Not Oppose Confirmation of Reinsurance Arbitration Award

Century Indemnity Co. says it does not oppose Certain Underwriters at Lloyd’s efforts to confirm an arbitration award arising from a dispute over reinsurance coverage for sexual molestation claims filed against the Boy Scouts of America.


Insurer Drops Action Asking Court to Appoint Umpire to Oversee Reinsurance Dispute

An insurer has voluntarily dismissed its action asking an Ohio federal court to appoint an umpire to oversee its reinsurance dispute with Hannover Life Reassurance Company of America.


Utica Says N.Y. Federal Judge Properly Denied Century’s Summary Judgment Motions

Utica Mutual Insurance Co. has opposed a reinsurer’s request that a New York federal judge reconsider his denial of its motion for summary judgment in a dispute over whether it must pay Utica’s defense costs, arguing that there are no “exceptional circumstances” warranting reconsideration.


Applied Underwriters Opposes Motion for Class Action Certification in Calif. Action

Applied Underwriters Inc. and its affiliates have opposed plaintiffs’ motion for class action certification in a lawsuit targeting their workers’ compensation insurance programs, arguing that the plaintiffs’ claims and defenses are not typical of the class, and plaintiffs and their counsel are not adequate class representatives.


Action Accusing Life Insurer of Engaging in Phony Reinsurance Transactions Heads to Mediation

A Maryland federal judge has sent to mediation a putative class action accusing a life insurer of engaging in phony captive reinsurance transactions in order to hide its questionable solvency from policyholders while charging them ever-increasing fees.


U.S. Bank Says Reinsurer’s Breach of Fiduciary Duty, Conspiracy Claims Time-Barred

U.S. Bank National Association has moved for summary judgment on a reinsurer’s claims that it breached its duties as a trustee and conspired with its subsidiaries to “engage in unlawful acts,” arguing that the claims are time-barred under South Carolina law.


Reinsurer Says Cedent’s Complaint Should be Dismissed for Lack of Subject Matter Jurisdiction

A reinsurer is urging a Florida federal judge to dismiss a cedent’s amended complaint seeking payment of a $139,000 reinsurance claim, arguing that the pleading should be amended a second time to properly plead the cedent’s citizenship for purposes of diversity subject matter jurisdiction.


Health Insurer Sues Swiss Re for $1.8 Million in Reinsurance Proceeds

A health insurance provider has sued Swiss Re Life & Health America Inc. in Oregon federal court, accusing it of wrongly refusing to pay $1,802,674 in reinsurance proceeds for claims arising from a member’s hemophilia treatment and unrelated surgeries.


Parties in $3.85 Million Reinsurance Dispute Tell Judge They Await Arbitrators’ Decision

An arbitration hearing in a $3.85 million reinsurance dispute involving underlying workers’ compensation losses has been completed and the parties are awaiting a decision, according to the parties’ joint status report.


Legion Liquidator Seeks Remand of Petition to Confirm Arbitration Award

Legion Indemnity Co.’s liquidator has moved to remand a reinsurer’s petition to confirm an arbitration award, arguing that the liquidation court has subject matter jurisdiction over the matter pursuant to the McCarran-Ferguson Act because it involves the business of insurance.


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