Reinsurance & Arbitration
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Arbitrators, not the court, should determine whether the parties in a reinsurance dispute should appoint a new arbitration panel to decide whether related proceedings should be consolidated because the issue is procedural in nature, a Pennsylvania federal judge has ruled.
A Massachusetts federal judge has refused to abstain from hearing an action in which certain London reinsurers seek a ruling that they are not required to reimburse Lamorak Insurance Co. for its settlement of pollution claims asserted against Olin Corp.
A Washington federal judge has scheduled a June 2020 jury trial in a case in which a public entities self-insurance association is demanding $8.9 million in reinsurance from Ironshore Indemnity Inc. for its settlement of police misconduct and excessive force claims brought against two cities.
A securities class action has been filed against reinsurance services provider Maiden Holdings Ltd. in New Jersey federal court, accusing it of concealing portfolio risks involving AmTrust Financial Services and misrepresenting the quality and nature of its underwriting and risk management policies and practices.
Applied Underwriters Inc. is urging a Nebraska federal judge to adopt a recommendation that Top’s Personnel Inc.’s motion for class certification in an EquityComp workers’ compensation dispute be denied, arguing that none of the Rule 23 requirements have been met.
A California federal judge has denied a reinsurer’s motion to intervene in a lawsuit in which Odyssey Reinsurance Co. seeks payment of a judgment from the former owners of Cal-Regent Services Corp., ruling that the movant lacks a significant protectable interest in the case.
A New York federal judge has scheduled a jury trial in a dispute over whether Century Indemnity Co. breached two reinsurance certificates by refusing to pay costs incurred by Utica Mutual Insurance Co. in defending underlying asbestos exposure lawsuits.
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, noting the motions were filed in May 2016.
Transatlantic Reinsurance Co. has moved to dismiss claims asserted against it by the owner of a Nicaraguan plastics factory who is seeking coverage for a 2003 fire that occurred at the plant, arguing he was not a party to the reinsurance contract at issue.
A Florida risk management pool has moved for summary judgment in its action seeking nearly $1 million from Munich Reinsurance America Inc. for its settlement of an underlying lawsuit filed against the City of St. Pete Beach.