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Issue #12, March 2009

Arbitrator Resignation: Replace the Arbitrator or the Whole Panel?

When a party arbitrator resigns, does the appointing party appoint a new arbitrator and go forward or must the arbitration start over with a new panel?


Court Asked to Tap Umpire to Oversee 9/11 Coverage Arbitration

In a dispute involving reinsurance coverage for property damage caused by the 2001 terrorist attacks on the World Trade Center, Arrowood Indemnity Co.


State Judge Tosses Antitrust Action Against Equitas

A state judge has dismissed a reinsurer's lawsuit accusing Equitas of violating the state's antitrust law by conspiring with Lloyd's


Aon Seeks to Enjoin TIG From Proceeding Against it in California

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


Federal Judge Dismisses Securities Action Against PXRE

A New York federal judge has dismissed a securities lawsuit against a Bermudian reinsurer, finding that the plaintiff failed to adequately allege


Former Gen Re Exec Garand Sentenced to 1 Year

A federal judge has sentenced former General Re Corp. executive Christopher Garand to one year in prison and fined him $200,000


Reinsurer Not Obligated to Pay For Settlement of Foster Care Action

A reinsurer is not obligated to reimburse a governmental risk pool for sums spent in litigating and settling claims accusing two state counties of avoiding


Windstorm Association Board Asks Judge to Toss Reinsurance Dispute

Former board members of a windstorm coverage association who are accused of failing to obtain adequate reinsurance have moved to dismiss the plaintiffs' claim


Reinsurers Oppose TIG's Motion to Add Conrail Claims

In a dispute over reinsurance coverage for underlying asbestos claims, two reinsurers are urging a federal judge to bar TIG Insurance Co. from amending


Judge Strikes AIG's Affirmative Defenses in NCCI Action

A federal judge has struck affirmative defenses filed by AIG in response to a $1 billion lawsuit accusing it of underreporting workers' compensation premiums


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