Reinsurance & Arbitration

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Issue #19, October 2009

Federal Judge Orders Arbitration of Collateral Dispute

A federal judge has ordered arbitration of a dispute over a settlement involving shareholders' obligations to provide additional collateral for

Judge Allows TIG to Proceed Against Aon in California State Court

A federal judge has thwarted a reinsurance broker's efforts to prevent TIG Insurance Co. from proceeding with a California lawsuit arising out of a

3rd Circuit Approves Settlement in Brokerage Antitrust Litigation

The 3rd Circuit approved the class settlement of certain consolidated cases of the consolidated insurance brokerage antitrust litigation arising from

Award of Attorney's Fees to Lloyd's Confirmed by Federal Judge

Arbitrators did not exceed their authority in ordering Argonaut Insurance Co. to pay attorneys' fees incurred by Certain Underwriters at Lloyd's London

Issue #18, September 2009

J.C. Penney Filed Class 5 Claim With Receiver, Court Affirms

A proof of claim filed with the receiver of Transit Casualty Co. by J.C. Penney Life Insurance Co. is a Class 5 general creditor claim

Home Liquidator Sues North Star for $2.2 Million

The liquidator of The Home Insurance Co. has sued North Star Reinsurance Corp. in federal court, seeking $2.2 million in reinsurance proceeds

Reinsurer May Be Directly Liable To Insured, Federal Judge Rules

A federal judge has refused to dismiss cross-claims brought against a reinsurer that seek contribution toward an $11.5 million settlement

3rd Circuit Remands $1.7 Million Action to N.J. Federal Court

A ruling that Converium Reinsurance (North America) Inc. is liable to Princeton Insurance Co. for $1.7 million under a reinsurance treaty has been vacated

Hospitals May Seek Payment Directly From Reinsurer, Court Rules

Two hospitals may seek payment of medical malpractice claims directly from the reinsurer of a now-insolvent fronting company because the reinsurer

Eagle Star/Highlands Settlement Does Not Violate Texas Law

A settlement of reinsurance obligations reached between the receiver of Highlands Insurance Co. and Eagle Star Insurance Company Ltd.

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