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Issue #3, June 2008

Judge Upholds Convictions of AIG, Gen Re Execs

A federal judge has refused to overturn the convictions of five former insurance executives who were found guilty of


Agent Lacked Authority to Bind American Re To $2M Contract

American Re-Insurance Co. is not obligated to contribute toward a $4.3 million settlement of claims arising from a deadly 2004 trucking accident because


Counterclaims Survive in $500,000 Battle Over Collateral

In a battle over $500,000 in collateral pending between a cedent and a reinsurer, a federal judge has allowed the reinsurer's counterclaims to survive


Lloyd's Urges Arbitration Of $1.9M Battle With B.D. Cooke

Lloyd's has asked a federal judge to compel arbitration of its dispute with B.D. Cooke & Partners Ltd. over $1.9 million


Lloyd's Urges Arbitration Of $1.9M Battle With B.D. Cooke

Lloyd's has asked a federal judge to compel arbitration of its $1.9 million dispute with B.D. Cooke & Partners Ltd.


NICO Asks Federal Judge To Enforce Awards Against Cedents

National Indemnity Co. has asked a federal judge to enforce earlier judgments confirming two arbitration awards that


Policyholder May Not Directly Sue for Breach of Contract

In an $800,000 action, a Louisiana federal judge has ruled that a policyholder does not have standing to directly sue a reinsurer for


Calif. Federal Judge: Cedent May Not Recover in Tort

A California federal judge ruled that cedents may not recover in tort for a reinsurer's alleged breach of the implied covenant of good faith and fair dealing


Claim Estimation in Liquidations: Integrity - the Final Chapter?

Robert M. Hall discusses the impact of recent case law on the collection of reinsurance recoverables for long-tail claims


$34.3M Award Against AIG Should Stand, N.Y. Judge Rules

A New York federal judge has denied American International Group's motion to amend a $34.3 million judgment that was issued in February after


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