Reinsurer Says It Has Already Paid Asbestos-Related Arbitration Award
Mealey's (February 9, 2016, 12:23 PM EST) -- NEW YORK — A reinsurer says in a Feb. 5 brief that a federal court in New York does not have jurisdiction regarding an insurer’s petition for the confirmation of an arbitration award because the reinsurer says it has already paid the award (National Casualty Company v. Resolute Reinsurance Company, No. 15-cv-09440, S.D. N.Y.)
(Response available. Document #12-160219-007B.)
National Casualty Co. sued Resolute Reinsurance Co. on Nov. 24 in the U.S. District Court for the Southern District of New York. On Nov. 25, Judge Victor Marreo...