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District court confirms reinsurance arbitration award against two Brazilian companies

Jorden Burt LLP
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Brazil, USA
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July 30 2012

Several developments have occurred in the ongoing reinsurance dispute between Aurum Asset Managers and several Brazilian companies

Second Circuit finds no direct action right against reinsurer

Jorden Burt LLP
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USA
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July 18 2012

The Second Circuit handed down a summary order affirming the dismissal of Callon Petroleum’s complaint in a reinsurance dispute against National Indemnity

Fourth Circuit: state statute does not reverse preempt federal law

Jorden Burt LLP
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USA
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July 16 2012

The Fourth Circuit issued an opinion “preserving the United States’ ability to speak with one voice” in regulating foreign arbitrations

Court grants declaration in favor of Lexington Insurance; parties subsequently settle

Jorden Burt LLP
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USA
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June 20 2012

Several important developments have occurred in a reinsurance dispute we last reported on in a September 27, 2011 post

Motion to dismiss claim for breach of confidentiality agreement in reinsurance arbitration denied

Jorden Burt LLP
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USA
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June 18 2012

INA Reinsurance recently moved to dismiss or to stay an action initiated by Utica Mutual Insurance arising out of the alleged breach of three confidentiality agreements, including one entered as an order in the parties’ pending reinsurance arbitration

Captive reinsurance litigation stayed pending Supreme Court decision

Jorden Burt LLP
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USA
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June 7 2012

A putative class action against HSBC and its affiliates asserting violations of the Real Estate Settlement Procedures Act of 1974 was stayed in part pending the outcome of First American Financial Corp

Motion to set aside discovery order on loss reserves denied

Jorden Burt LLP
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USA
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June 5 2012

In the latest development in the ongoing litigation between Granite State Insurance Company and Clearwater Insurance Company, Granite unsuccessfully moved to set aside a magistrate judge’s discovery order

Annuity class action update

Jorden Burt LLP
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USA
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June 4 2012

The vigorous annuity class action arena recently spawned two federal court decisions favorable to defendant insurers

Court grants, denies summary judgment in Travel Re-Insurance action

Jorden Burt LLP
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USA
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May 23 2012

Liberty Travel (and affiliated travel and leisure companies) and Travel Re-Insurance filed cross-motions for summary judgment on a dispute related in part to reinsurance of travel insurance products sold by Liberty to its customers

Court compels production of underwriting manuals; finds reinsurance documents generally irrelevant

Jorden Burt LLP
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USA
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May 8 2012

A dispute arose between the city of Warren, Michigan and several insurance companies regarding their duties to defend and indemnify with respect to a state court class action suit against the city