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7/25/2008 9:15:36 AM EST
Andrew McCue
Posted by Andrew McCue
Insurance Law Center Staff
Responding to a reinsurer’s cross-motion to confirm an arbitration award, a reinsured party to certain retrocessional reinsurance contracts agreed with the request for confirmation but noted that it does not waive its right to ha ...
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7/9/2008 12:50:36 PM EST
Andrew McCue
Posted by Andrew McCue
Insurance Law Center Staff
An organization representing members of a workers’ compensation reinsurance pool recently moved to dismiss fraud and accounting counterclaims made directly against it, noting that it is not a proper party but that it had merely f ...
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1/25/2008 11:59:46 AM EST
Gina Cappello
Posted by Gina Cappello
LexisNexis Insurance Law Center Staff
If you've ever felt lost in the world of reinsurance terms and jargon, well, you are not alone - a panel of federal circuit judges recently admitted how difficult it can be to translate "reinsurance-ese" language.
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12/21/2007 12:38:48 PM EST
Posted by Marcy Kowalchuk
Editor, Mealey's Litigation Reports: Reinsurance and Insurance Insolvency
Across the pond, the English Court of Appeal affirmed that only English courts may review an arbitration award rendered in London.
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12/21/2007 12:26:10 PM EST
Posted by Marcy Kowalchuk
Editor, Mealey's Litigation Reports: Reinsurance and Insurance Insolvency
Ramona Tire Inc. is accused of intentionally underfunding a captive reinsurer, leaving a financially-strapped insurer with $360,000 in unpaid workers' compensation claims.
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12/7/2007 12:17:38 PM EST
Posted by Marcy Kowalchuk
Editor, Mealey's Litigation Reports: Reinsurance and Insurance Insolvency
In news from across the pond, the English Court of Appeals recently ruled that a reinsurer is off the hook for contribution toward the settlement of a securities class action.  The reason?  The cedent, according to the court, did not&nbs ...
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11/7/2007 5:01:34 PM EST
Posted by Marcy Kowalchuk
Editor, Mealey's Litigation Reports: Reinsurance and Insurance Insolvency
LONDON — In a case involving enforcement of an $88.3 million arbitration award rendered in favor of a Monaco reinsurer, an English appellate majority ruled Oct. 17 that the assignee of the award should not be forced to post security for costs inc ...
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11/7/2007 4:54:24 PM EST
Posted by Marcy Kowalchuk
Editor, Mealey's Litigation Reports: Reinsurance and Insurance Insolvency
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11/7/2007 4:50:41 PM EST
Posted by Marcy Kowalchuk
Editor, Mealey's Litigation Reports: Reinsurance and Insurance Insolvency
STAMFORD, Conn. — A Connecticut state judge ruled Oct. 17 that several former General Re Corp. executives misappropriated trade secrets after they defected to rival Arch Capital Group (General Reinsurance Corporation v. Arch Capital Group, LTD ...
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11/7/2007 4:33:18 PM EST
Posted by Marcy Kowalchuk
Editor, Mealey's Litigation Reports: Reinsurance and Insurance Insolvency
LONDON — In a case where a Korean insurer seeks enforcement of a $62.5 million judgment against a group of international reinsurers, an English appeals court on Oct. 30 affirmed rejection of the reinsurers’ defense that the dispute had been ...
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8/27/2007 2:07:11 PM EST
Steve Berstler
Posted by Steve Berstler
Staff Member, LexisNexis Law Centers
Eric Dinallo, New York's Superintendent of Insurance, has sued OneBeacon Insurance Co. in an attempt to obtain more than $2 million in reinsurance proceeds allegedly owed to the estate of Midland Insurance Co. for insurance claims paid by Mid ...
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10/5/2007 12:19:11 PM EST
Posted by Marcy Kowalchuk
Editor, Mealey's Litigation Reports: Reinsurance and Insurance Insolvency
SEATTLE — A Washington judge held Sept. 19 that where a primary policy does not cover the $250,000 in costs to repair a cracking and failing bridge, a reinsurer is not liable for sums paid by the primary insurer ( The City of Renton v. Lexingto ...
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10/5/2007 12:08:10 PM EST
Posted by Marcy Kowalchuk
Editor, Mealey's Litigation Reports: Reinsurance and Insurance Insolvency
NEW YORK — In a case in which American International Group (AIG) is accusing the Robert Plan Corp. (TRP) and its top executives of diverting funds, a New York state justice on Sept. 26 allowed AIG to amend its complaint to name Lincoln General In ...
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10/5/2007 12:03:39 PM EST
Posted by Marcy Kowalchuk
Editor, Mealey's Litigation Reports: Reinsurance and Insurance Insolvency
NEW YORK — A New York federal judge on Sept. 20 ruled that the former shareholders of Lion Holding Inc. are not entitled to a return of escrow funds that secured their obligation to indemnify a German reinsurer for claims arising from a per ...
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