Reinsurance & Arbitration
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Issue #139, October 2019
Guest contributor Brendan Gooley of Carlton Fields examines the 2nd Circuit's affirmation of a lower court's ruling that an arbitration panel did not exceed its power in awarding damages in a dispute over ownership of a geostationary satellite.
A federal appeals court has ruled that 28 U.S.C. § 1782 may be used to obtain documents outside of the United States to be used in legal proceedings abroad, holding that there is no per se bar to the extraterritorial application of the statue.
Plaintiffs accusing a captive reinsurer of violating the Employee Retirement Income Security Act have opposed a motion to stay the litigation pending a U.S. Supreme Court ruling in another ERISA case.
'Is a Recent Ninth Circuit Opinion a Wake-Up Call For Sophisticated Parties When Drafting Contractual Language?'
K. Renee Schimkat discusses Cunico Corp. v. Custom Alloy Corp., in which the 9th Circuit placed an emphasis on the business sophistication and power of the parties in deciding whether they contractually agreed to arbitrate their dispute.
A New York federal judge has asked an arbitration panel to clarify an award issued in a reinsurance dispute involving death benefits, explaining that it is unclear which party’s interpretation of the award is correct.
A New York federal judge entered a judgment of more than $6 million against Century Indemnity Co. in a lawsuit accusing it of breaching two reinsurance certificates issued to Utica Mutual Insurance Co., following a jury verdict issued on Sept. 30.
Guest contributor Rachel Schwartz of Carlton Fields in New York discusses the Alabama Supreme Court's recent holding that although questions of arbitrability are typically answered by the courts, those questions should be sent to an arbitrator if there is clear and unmistakable evidence that the relevant parties intended an arbitrator to decide the issue of arbitrability.
A Utah federal judge has transferred a case involving Applied Underwriters Inc.’s workers’ compensation insurance program to Nebraska federal court, rejecting plaintiffs’ argument that the forum selection clause in the program’s reinsurance participation agreement is not enforceable.
A captive reinsurer is urging a New York federal judge to stay a case in which it is accused of siphoning assets from an employee benefit plan, arguing that the U.S. Supreme Court is set to weigh in on whether ERISA plan participants have Article III standing to bring such claims.
Non-Party Ordered to Pay Attorneys’ Fees for Filing Improper Appeal in $1.5 Million Reinsurance Action
A New York federal judge has ordered a non-party to pay a group of reinsurers $3,550 in attorneys’ fees for improperly filing an appeal in a settled case involving a $1.5 million reinsurance arbitration award.