Reinsurance & Arbitration
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Issue #2, May 2008
Grant Thornton is not barred from obtaining professional liability coverage for securities claims arising from the Parmalat collapse, an English judge ruled.
Peerless Indemnity Insurance has agreed to settle a N.Y. federal action in which it demanded more than $2 million in retrocessional proceeds
A reinsurer seeks dismissal of a suit in which a cedent seeks reimbursement of $4.25 million it paid to settle claims brought against a California city
A $5M action involving reinsurance coverage for settlement of securities fraud claims against Doral Financial Corp. was removed to Puerto Rico federal court
An $8.2M reinsurance coverage battle involving one of Wisconsin's largest medical malpractice judgments is pending in Ohio federal court
The U.S. high court ruled that the FAA preempts state laws that call for disputes to be heard by an administrative agency
Reliance National Insurance (Europe) is urging a Pa. judge to compel arbitration of a dispute over whether its reinsurer can deny payment for future claims
The U.S. Supreme Court ruled that the FAA bars courts from enforcing agreements that provide for more expansive judicial review of an award
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.