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Reinsurance & Arbitration

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Issue #17, August 2009

Reinsurers Demand Arbitration of Huntsman's Damage Claims

A group of reinsurers have demanded arbitration of a dispute over whether property damage and time element coverage claims filed by Huntsman Corp.


Judge Confirms Allocation Award Rendered in TIG's Favor

A judge has confirmed an arbitration award stating that Global Re had released its right to audit and dispute claims reported to its cedent prior to


Appointment of Substitute Arbitrator Was Proper, 7th Circuit Affirms

An arbitration award was not nullified by the appointment of a replacement arbitrator after the voluntary withdrawal of the previous arbitrator


GE Owed No Fiduciary Duty to EMLICO, State Judge Rules

General Electric Co. did not owe a fiduciary duty to Electric Mutual Liability Insurance Co. and cannot be held liable for allowing EMLICO to conceal its


<i>Arthur Andersen LLP v. Carlisle</i>: An In-Depth Analysis

The U.S. Supreme Court has resolved a conflict of Circuits regarding the interpretation of sections 3 and 16 of the Federal Arbitration Act


Dispute Between Hartford, IRB Brasil Sent to Arbitration

A state judge has ruled that arbitration of a dispute between Hartford Accident and Indemnity Co. and IRB Brasil Resseguros S.A. would not prejudice


$8.2 Million in Interest Added to $24 Million Verdict Against Aon

A judge has added $8.2 million in interest to a $24 million verdict rendered in favor of United National Insurance Co.


<i>Wasa v. Lexington</i>: The Repercussions For Reinsurers

The House of Lords handed down its much anticipated judgment on July 30. Its decision to allow the reinsurers' appeal


Arbitrators Did Not Exceed Authority in Denying Interest

Arbitrators did not exceed their authority by refusing to order Fencourt Reinsurance Company Ltd. to pay interest on sums awarded


Manifest Disregard as a Basis to Vacate Awards After <i>Hall Street</i>

The high court has debunked the use of manifest disregard as a basis to vacate arbitration awards. This article examines the reaction of federal courts.


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