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Reinsurance & Arbitration

Reinsurance is an ever-changing industry and the competition is getting tougher. To maintain their edge, even the most seasoned litigators require an insider's knowledge of the latest news, issues and strategies. There's an easy way to stay on top all of the latest reinsurance-related legal developments. Subscribe to HarrisMartin's Reinsurance & Arbitration Report, a publication and online resource from HarrisMartin Publishing.


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Travelers, Allstate Agree to Litigate $1.25 Million Reinsurance Dispute in Conn. Federal Court

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.


Home Liquidator Seeks Default Judgment Against Cerberus Holding

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.


Parties Reach Settlement in S.C. Federal Action Involving Reinsurance Trust Account

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.


Fireman's Fund Urges N.Y. Federal Judge to Overturn $64 Million Reinsurance Verdict

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 Asserts Class Action Counterclaim Against Applied Underwriters

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.


Insurers Object to Magistrate's Recommendation that Claim for Reinsurance Payments be Denied

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.


High Court Denies AUCRA's Request to Review 4th Circuit's Arbitrability Ruling

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 Seeks to Bar Allstate from Prosecuting $1.25 Million Declaratory Judgment Action in Ill.

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.


Canal Insurance, Golden Isles Agree to Settle Reinsurance Fraud Action

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.


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