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Issue #131, February 2019

Securities Class Action Lawsuit Filed Against AmTrust’s Reinsurance Services Provider

A reinsurance services provider has been hit with a securities class action accusing it of concealing portfolio risks involving AmTrust Financial Services and misrepresenting the quality and nature of its underwriting and risk management policies and practices.


Settlement Conference Scheduled in $3.2 Million Odyssey Re Action

A California federal judge has scheduled a settlement conference in a case in which Odyssey Reinsurance Co. seeks payment of a $3.2 million judgment issued in its favor and against broker Cal-Regent Services Corp.


Neb. Appeals Court Upholds Dismissal of Applied Underwriters Dispute

A Nebraska appeals court has upheld dismissal of an action arising from Applied Underwriters Inc.’s workers’ compensation program, ruling that personal jurisdiction is lacking because the policyholder is a California corporation with California employees.


Reinsurer’s Action Against U.S. Bank Heads to Mediation in S.C.

A North Columbia federal magistrate judge has ordered mediation of a case in which a reinsurer accuses U.S. Bank National Association of breaching its duties as the trustee of an account securing an insurer’s liabilities in a fronting program.


The Home Liquidator Resolves $244,886 Reinsurance Lawsuit

A New York federal judge has dismissed with prejudice a lawsuit filed by the liquidator of The Home Insurance Co. in which he demanded payment of $224,886 under three reinsurance policies issued by Trygvesta Forsikring A/S's predecessor.


Florists Insurance Settles Reinsurance Action Against Endurance Assurance

Florists Insurance Co. has agreed to settle its claims against Endurance Assurance Corp. in a $1.7 million reinsurance dispute involving a 2008 deadly trucking accident, according to a recent filing in New York federal court.


Motion for Class Certification Denied in Calif. Federal Applied Underwriters Action

A California federal judge has denied a motion to certify a class of employers who participated in Applied Underwriters’ (AUI) workers’ compensation insurance programs, finding that the substantial individual damages at stake favor individual actions.


Neb. Judge Recommends Denial of Class Certification in Applied Underwriters Case

A Nebraska federal magistrate judge has recommended denial of a motion for class certification filed by a former participant in Applied Underwriters workers’ compensation program, concluding that the requirements of numerosity, commonality and typicality have not been met.


Self-Insurance Association Sues Ironshore for $8.9 Million in Reinsurance

A public entities self-insurance association has sued Ironshore Indemnity Inc. for $8.9 million in reinsurance proceeds, seeking contribution for its settlement of police misconduct and excessive force claims brought against two Washington cities.


Health Insurer Refutes Swiss Re’s Counterclaims in $1.8 Million Reinsurance Case

A health insurer has asserted affirmative defenses against Swiss Re Life & Health America Inc.’s counterclaims for $321,962 in payments it made under a 2016 reinsurance agreement.


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