Health Insurer Settles $1.8 Million Lawsuit Against Swiss Re; Action Dismissed

PORTLAND, Ore. — A health insurer has settled its lawsuit against Swiss Re Life & Health, in which it sought $1.8 million in reinsurance for claims arising from a member’s hemophilia treatment and unrelated surgeries, according to a recent court filing.

Judge Michael Mosman of the U.S. District Court for the District of Oregon granted the parties’ motion to dismiss the action with prejudice.

Moda Health Plan Inc. entered into an excess of loss reinsurance agreement with Swiss Re, effective Jan. 1, 2016. The parties renewed the agreement on Jan. 1, 2017. The contract required Moda to report potential reinsurance …