Reinsurance & Arbitration

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Issue #14, May 2009

Alter Ego Claims Will Proceed in Premium Collection Action

In a suit seeking millions of dollars in premiums, a federal judge has refused to dismiss alter ego and interference with contract claims brought by

Continental Hits Reinsurers with $11.5 Million Lawsuit

Continental Casualty Co. has sued two reinsurers in federal court, demanding a total of $11,536,490 in reinsurance proceeds for

ACE Breached Policy's Consent-To-Settle Provision, Federal Judge Rules

Continental Insurance Co. is not required to reimburse ACE Insurance Co. for an underlying settlement because ACE breached the

B.D. Cooke Asks Judge to Reconsider Sending Dispute to Arbitration

Reinsurance broker B.D. Cooke is urging a federal judge to reconsider his decision to send a $1.9 million dispute to arbitration

Unauthorized Insurer May Sue Reinsurer in Florida

A state judge erred in dismissing an action filed by an unauthorized insurer against its reinsurers because the suit did not arise out of

Gen Re Exec Graham Sentenced to 1 Year in Prison, Fined $100,000

A federal judge has sentenced former General Re Corp. executive Robert Graham to one year and one day in prison

Judge Refuses to Stay Commutation Dispute Between CNA, SCOR

A federal judge has refused to stay a $1.7 million dispute over whether a commutation agreement between SCOR Group and CNA

Judge Confirms $2 Million Award in Favor of Clearwater

A federal judge has confirmed a $2 million arbitration award that requires a group of London Market Reinsurers to pay Clearwater Insurance Co.

Transfercom Must Post $365,539 Letter of Credit

Yasuda Fire & Marine Insurance Co.'s successor must comply with a final arbitration award and post a $365,539 letter of credit to secure

Are Reinsurers Liable for Tort Damages for Breach?

The author examines relevant case law to clarify whether tort damages are available to cedents claiming breach of contract against reinsurers in court

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