Reinsurance & Arbitration

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Issue #3, June 2008

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

Clyde & Co. Opens Office in San Francisco

U.K.-based Clyde & Co. has opened a new office in San Francisco with a team of four partners and six associates. William J. Casey

Texas Judge Applies 'First Filed' Rule, Transfers $45M Action

A Texas federal judge transferred a $45 million case involving reinsurance coverage for a 2006 explosion at a chemical plant

Appointment of Arbitrator Did Not Nullify $26.4M Award

An arbitration award was not nullified by the appointment of a replacement arbitrator after the previous arbitrator withdrew, an Illinois federal judge ruled

N.Y. Judge Unseals Award in $3.3 Million Case

A N.Y. judge unsealed two arbitration awards in which Global Reinsurance Corp.'s demand for $2.7M in commutation balances was denied

U.K. Court of Appeal Orders Disclosure Of Arbitration Documents

In a dispute pending in England and internationally, interests of justice require disclosure of arbitration documents in those proceedings, a U.K. court ruled

Reinsurer's Agent Improperly Joined, Florida Judge Rules

A Florida judge has ruled that a reinsurer's agent was improperly joined to a cedent's declaratory judgment action

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