New York Justice Confirms Finding That Reinsurer Must Continue Paying Claims

Mealey's (May 27, 2021, 5:10 PM EDT) -- NEW YORK — A New York Supreme Court justice on May 18 confirmed an arbitration panel’s finding that a reinsurer is obligated to continue paying a reinsured’s claims under a catastrophe excess-of-loss reinsurance contract and dismissed the reinsurer’s complaint after determining that certain provisions of the trust agreement, which the reinsurer claimed relieved it of its coverage obligation, were considered and litigated as part of the arbitration proceeding....

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