Judge Denies Class Certification In Dispute Against Reinsurer, Affiliates Over Unapproved Rates

Mealey's (July 31, 2019, 1:28 PM EDT) -- NEW YORK — In a case alleging that a reinsurer and its affiliates sold insurance policies that charged rates not approved by regulators, a New York federal judge on July 27 denied certification of a class of New York businesses that purchased workers’ compensation coverage from the defendants because insureds failed to show that the class action procedure would be “superior to other available methods for fairly and efficiently adjudicating the controversy” (National Convention Services LLC, et al. v. Applied Underwriters Captive Risk Assurance Company Inc., et al., No. 15-07063, S.D. N.Y., 2019 U.S. Dist. LEXIS 125810)....