Insolvent Insurer’s Assignee, Reinsurer Spar Over Remand Of $180,000 Dispute

(May 11, 2016, 7:09 AM EDT) -- CHICAGO — The assignee of certain of an insolvent insurer’s accounts receivable and a U.K. reinsurer recently argued in the Seventh Circuit U.S. Court of Appeals over the relevance of an arbitration clause to whether a lower court erred in remanding the parties’ dispute to an Illinois state court (Pine Top Receivables of Illinois, LLC v. Transfercom, Ltd., No. 16-1073, 7th Cir.).

Pine Top Receivables of Illinois LLC (PTRIL) sued Transfercom Ltd. in the Cook County, Ill., Circuit Court, on Sept. 9, bringing a claim of...
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