Reinsurance & Arbitration

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Issue #8, November 2008

Century Denies Liability to TIG for $1.33 Million Honeywell Settlement

Century Indemnity Co. says it is not liable to its cedent, TIG Insurance Co., for $1.33 million in reinsurance proceeds

Reinsurer, Cedent Battle Over Application of Law in $1.8 Million Case

A reinsurer is urging a federal magistrate judge to apply New York law to a dispute over a $1.8 million settlement of

Policyholders Have No Cause of Action Against Reinsurer

No probable cause exists for policyholders to sue a reinsurer for its refusal to pay extended warranty claims in the wake of an insurer's insolvency

Issue #7, October 2008

Arrowood Sues Westport Insurance for $6.8 Million

Arrowood Surplus Lines Insurance Co. is suing its reinsurer for $6.8 million in reimbursement for settlement of an underlying declaratory judgment action

Arrowood Demands $363,669 From Program Administrator

Arrowood Indemnity Co. has sued its predecessor's former reinsurance program administrator for $363,669 in allegedly uncollected premiums

Hartford, Argonaut Settle Connecticut Allocation Dispute

In the wake of an adverse follow-the-fortunes ruling by a Connecticut federal judge, Argonaut Insurance Co. has agreed to settle an allocation dispute with

Federal Judge Refuses to Remand $45 Million Reinsurance Action

A federal judge refused to remand a $45 million coverage dispute to state court, finding that the third-party reinsurer defendants did not waive removal

Federal Judge Confirms $6 Million Award Against Insurance Broker

A federal judge confirmed a $6 million arbitration award rendered in favor of Hartford Fire Insurance Co. and against an insurance brokerage firm

State Law Does Not Preempt N.Y. Convention, 5th Circuit Rules

State law does not reverse-preempt the Convention on the Recognition and Enforcement of Foreign Arbitral Awards

Federal Judge Orders Captive Reinsurer to Pay $2.8 Million

A federal judge has confirmed an award rendered against a captive reinsurer, ordering it to pay nearly $2.8 million to Insurance Company of North America

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