Judge:  Arbitration Panel Needs To Decide If Insurers Can File Motion To Enforce Statutes

Mealey's (July 11, 2019, 1:33 PM EDT) -- NEW YORK — New York and Indiana security statutes apply to a reinsurer despite pending liquidation proceedings, a New York federal judge held July 10; however, the judge denied a motion to enforce the statutes because an arbitration panel must decide first whether insurers are barred from bringing the motion (In re Platinum-Beechwood litigation, No. 18-06658; Melanie L. Cyganowski, et al. v. Beechwood Re Ltd., et al., Washington National Insurance Co., et al. v. Beechwood Re Ltd., et al., No. 18-12018, S.D. N.Y., 2019 U.S. Dist. LEXIS 114645)....