Reinsurance & Arbitration

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Issue #4, July 2008

Calif. Judge: Reinsurer Has No Duty to Pay $2.3M For Settlement

A reinsurer is not obligated to pay $2.3M for settlement of a medical malpractice action because the reinsured excess policy was "stand-alone" and did not

'Following Form' Provision Allows Insurer to Challenge Claim

A federal judge ruled that a "following form" provision, unlike a "follow the fortunes" provision, does not require an excess insurer to

Issue #3, June 2008

AIU, TIG Battle Over Production Of Commutation Info

A cedent seeks to compel a reinsurer to disclose commutation documents in a $12.3M action over reinsurance coverage for asbestos claims

Judge Orders London Reinsurers to Post $7.56M in Security

In a $12 million asbestos-related reinsurance case, a state judge ordered certain London reinsurers to post 7.56 million in pre-hearing security

$5M Securities Coverage Battle Remanded to State Court

A $5M action involving reinsurance coverage for the settlement of securities fraud actions against Doral Financial Corp. has been remanded to state court

Former Captive Brings $88.5M Suit Against ITT Industries

In an $85.5M action, ITT Industries Inc.'s former captive reinsurer is accusing the corporation of failing to indemnify it for massive losses arising from

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

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