Reinsurance & Arbitration
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A New York federal judge has extended the discovery deadlines in an action accusing Applied Underwriters Captive Risk Assurance Co. and its affiliates of carrying out a fraudulent workers’ compensation scheme, in light of two similar cases pending in California federal court.
A New York federal judge has made a number of evidentiary rulings in a reinsurance action set for trial this month, holding in part that former Fireman’s Fund Insurance Co. employee Garrett Redmond may not testify as an expert witness because he does not have first-hand knowledge of the contracts at issue.
U.S. Bank National Association has denied an insurer’s allegations that it breached its duties as custodian of a reinsurance trust account, arguing the insurer’s alleged damages were caused by entities that were neither affiliated with the bank, nor under its control.
A Maryland federal judge has denied plaintiffs’ request to amend a discovery ruling in a case accusing Banner Life Insurance Co. of shifting its debt to offshore reinsurers in order to hide its “questionable” solvency.
A New Jersey federal judge has confirmed an arbitration award allowing Wells Fargo Advisors LLC to claw back more than $1 million from its former employee, finding he failed to provide evidence that the arbitration panel exceeded its authority and showed manifest disregard for the law.
A Pennsylvania federal judge has amended the scheduling order in a reinsurance dispute between R&Q Reinsurance Co. and St. Paul Fire and Marine Insurance Co., setting the deadlines for factual discovery on Feb. 2, 2018, and a jury trial for June 25.
The parties in an action accusing Applied Underwriters Captive Risk Assurance Co. and its affiliates of carrying out a fraudulent workers’ compensation scheme have asked a New York federal judge to extend the discovery deadlines by four months in light of two similar cases pending in California federal court.
Canal Insurance Co. has opposed an SGA Re shareholder’s emergency motion to intervene in its lawsuit against Golden Isles Reinsurance Co., arguing that it is merely “a belated litigation tactic” intended to impede the progress of the case.
Mass. Federal Judge Extends Deadlines to Allow Possible Settlement of Reinsurance Allocation Dispute
A Massachusetts federal judge has granted a joint request by Lamorak Insurance Co. and Everest Reinsurance Co. to extend scheduling order deadlines in a dispute involving Lamorak’s allocation of asbestos losses to certain reinsurance certificates.
A New York federal judge has granted a joint motion by Endurance Assurance Corp. and Florists’ Insurance Co. to extend the fact discovery deadline in a reinsurance action, acknowledging that a live dispute remains in the underlying Louisiana coverage action concerning any interest FMIC may be required to pay.