Reinsurance & Arbitration

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Current Issue

Parties in $8.6 Million Reinsurance Arbitration in Process of Selecting Umpire

The parties in a dispute over $8.6 million in reinsurance for losses sustained by a date farm following an electrical power outage have selected their party arbitrators and are in the process of selecting an umpire, according to a recent filing in California federal court.

Reinsurer Denies Accusations of Improperly Imposing Rate Increases on Policyholders

A reinsurer has denied allegations that it improperly imposing cost-of-insurance rate increases for thousands of universal life insurance policies, causing policyholders to either pay the exorbitant rates or lapse on the policies.

2nd Cir. Upholds Confirmation of FINRA Arbitration Award

A federal appellate panel has upheld confirmation of a FINRA arbitration award, finding the district court properly considered the parties’ arguments, including a challenge of an arbitrator’s qualifications.

AmTrust Moves for Summary Judgment in Security Dispute With Captive Reinsurer

AmTrust Insurance Co. has moved for summary judgment on counterclaims asserted by a captive reinsurer, arguing that they fail because the reinsurer failed to post the security required under the terms of the parties’ reinsurance agreement.

Workers’ Comp Provider May Not Appeal Statement of Decision, Calif. Appeals Court Rules

Workers’ compensation insurance provider Applied Underwriters Inc. may not appeal a court’s statement of decision (SOD) in a dispute involving its reinsurance participation agreement, because the ruling was not “final” under state law, a California appellate court has ruled.

Insurance Fund’s Appeal Dismissed in Mine Subsidence Damages Case

A federal appeals court has dismissed the Illinois Mine Subsidence Insurance Fund’s appeal of an award of summary judgment to a railroad company in a reinsurance dispute involving payments for mine subsidence damages.

Odyssey Re Awarded $218,246 in Attorneys’ Fees, Expenses in Cal-Regent Case

A California judge has awarded Odyssey Re $218,246 in attorneys’ fees and expenses related to former Cal-Regent Insurance Service Corp. owner Diane Dostalik’s violation of an October 2017 preliminary injunction.

Amerisure Urges Ill. Federal Court to Confirm Final Award in Reinsurance Dispute

Amerisure Mutual Insurance Co. is urging an Illinois federal court to confirm a final arbitration award in its reinsurance dispute with Allstate Insurance Co., arguing that it expressly supersedes a previous interim final award issued by the arbitration panel and is “final” in every respect.

Parties Agree to Lift Stay in Reinsurance Dispute, Allowing Arbitration Panel Selection

Everest Reinsurance Co. and its cedent have agreed to lift a stay in a reinsurance dispute, allowing the selection of new arbitration panel which will decide whether the arbitration should be consolidated with an earlier arbitration involving two other reinsurers.

N.Y. Judge Closes Reinsurance Case Following Submission of Unredacted Documents

A New York federal judge has closed a case after granting TIG Insurance Co.’s motion to confirm a reinsurance arbitration award, noting that as the court requested, the parties have filed all unredacted documents on the docket.

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