Applied Underwriters Reinsurer Settles Breach of Contract Action Against Former Plan Participant

OMAHA, Neb. — Applied Underwriters Captive Risk Insurance Company Inc. has agreed to settle its claims accusing a former participant in Applied Underwriters’ workers’ compensation program of breaching a reinsurance participation agreement (RPA), according to a recent court filing.

In a Jan. 8 order, Judge John M. Gerrard of the U.S. District Court for the District of Nebraska ordered the parties to file a joint stipulation for dismissal within 30 days.

On August 15, 2013, Beemac Driver Management LLC and Drivers Management Solutions LLC (Beemac, collectively) entered into an RPA with AUCRA in connection with the Applied Underwriters workers' compensation …