Reinsurance & Arbitration
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Issue #131, February 2019
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.
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.
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.
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.
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 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.
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.
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.
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.
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.