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Midwest Employers Cas. Co. vs. Legion Ins. Co. the saga continues towards trial
- Jorden Burt LLP
- -
- USA
- -
- May 4 2009
As reported in our previous posts on November 19, 2007 and July 8, 2008, Midwest Employers Casualty Company ("Midwest") sued Legion Insurance Company ("Legion"), in connection with 43 separate reinsurance certificates issued by Midwest to Legion between 1994 and 2001
Parties stipulate to dismissal in TIG v. Century Indemnity suit
- Jorden Burt LLP
- -
- USA
- -
- September 2 2009
We previously reported on May 20, 2009 and June 25, 2009, about TIG Insurance Company’s suit against Century Indemnity Company, which alleged that Century breached its reinsurance agreement with TIG’s predecessor-in-interest, in connection with certain reinsured losses arising from underlying Honeywell asbestos suits
Court dismisses claims against AIG for lack of standing
- Jorden Burt LLP
- -
- USA
- -
- August 31 2009
As reported in our March 27, 2008 and April 6, 2009 posts, The National Council on Compensation Insurance ("NCCI"), as attorney-in-fact for participating companies of the National Workers Compensation Reinsurance Pool ("the Pool"), brought claims against AIG and several of its subsidiaries ("AIG"
Court vacates arbitral award finding it “completely irrational” and in manifest disregard of law
- Jorden Burt LLP
- -
- USA
- -
- September 29 2009
Platinum Underwriters Bermuda, Ltd. reinsured PMA Capital Ins. Co., under a reinsurance agreement that contained a “deficit carry forward” provision
Third Circuit affirms approval of settlements in consolidated insurance brokerage antitrust litigation
- Jorden Burt LLP
- -
- USA
- -
- September 14 2009
In a 94-page opinion, the Third Circuit Court of Appeals has affirmed the approval of the class settlement of certain consolidated cases of alleged insurance brokerage antitrust litigation arising from the New York Attorney General "bid-rigging" investigation in 2004
Commutation’s tangled web unwoven by appellate court
- Jorden Burt LLP
- -
- USA
- -
- May 18 2009
An appellate court in Illinois recently concluded that a decades-old commutation agreement between Old Republic Insurance Company and Central National Insurance Company (predecessor in interest to the defendant), was, in fact, not ambiguous, rendering superfluous the trial at which various extrinsic evidence was introduced in support of the parties’ competing interpretations, after the trial court denied summary judgment based on triable ambiguity
Reinsurer’s claim for setoff in liquidation proceeding for payment of liquidated company’s obligation denied
- Jorden Burt LLP
- -
- USA
- -
- June 15 2009
Century Indemnity Company ("CIC") reinsured The Home Insurance Company ("Home"
Xactimate update: court dismisses all claims
- Jorden Burt LLP
- -
- USA
- -
- March 16 2009
As reported in previous issues of Expect Focus, Louisiana’s Attorney General filed suit against several property insurers, alleging that they conspired and colluded among themselves, and with co-defendants Xactware, Inc., Insurance Services Office, Inc. and McKinsey & Company Inc., to artificially reduce the value of property claims by manipulating a claim database used as an industry reference
Court grants in part and denies in part plaintiff reinsurer’s motion to compel discovery responses from defendant reinsurer
- Jorden Burt LLP
- -
- USA
- -
- March 13 2009
Plaintiffs Trenwick American Reinsurance Corporation ("Trenwick Re") and Unum Life Insurance Company of America ("Unum") brought an action against reinsurer IRC Re, Limited ("IRC Re") and others arising from a claims dispute under an alleged reinsurance contract under which IRC Re purportedly agreed to reinsure a portion of a risk also partially reinsured by Trenwick Re
Court denies motion to dismiss amended pleading, holding that defects in previously dismissed complaint were cured
- Jorden Burt LLP
- -
- USA
- -
- March 13 2009
In a previous post dated August 13, 2008, we noted that a federal court dismissed a complaint brought by Swiss Reinsurance America Corporation ("Swiss Re") against the Access General Agency, Inc., Access Claims Administrators, Inc., and Access General Insurance Agency of California (“Access Entities”), alleging that the Access Entities failed to manage and administer claims properly under Swiss Re’s predecessors’ reinsurance program
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- Workarea - Litigation
- Workarea - Insurance & Reinsurance
- Author - John Pitblado