Reinsurance & Arbitration
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Issue #2, May 2008
A reinsurer asked an Illinois judge to stay a $1.7 million dispute over whether a commutation includes certain reinsurance contracts
Munich Re asked a California court to dismiss a suit brought by a cedent demanding reinsurance coverage for claims filed against Hewlett-Packard Co.
Claims brought by a cedent against Aon in connection with rescission of a workers' compensation treaty are time-barred, the 5th Circuit ruled
Issue #1, April 2008
A $267,000 award should be vacated because the arbitrator's failure to disclose his relationship with the plaintiff's insurer, a California court affirmed
A California judge on March 10 dismissed a cedent's petition to appoint a neutral arbitrator in its dispute with Insurance Company of the West
An English judge upheld enforcement of an $88.3M arbitration award rendered in favor of a Monaco reinsurer
A N.Y. judge has confirmed a final award that holds Global Re liable for $3M to a cedent for asbestos claims brought against Coca-Cola Co.
A Michigan judge has ruled that an arbitrator must decide whether a reinsurance dispute should be resolved in two or multiple arbitrations
Global Reinsurance Corporation of America on March 6 agreed to settle their battle over nearly $1.4M in underlying declaratory judgment expenses
A broker breached its duty by failing to place a policy that had an aggregate deductible, exposing its client to more than $198M in losses, a judge ruled