IN THIS ISSUE:
- Recent Case Summaries
- Recent Speeches and Publications
- Excerpt from Recent Case Summaries:
CALIFORNIA FEDERAL COURT GRANTS MOTION TO COMPEL PRODUCTION OF REINSURANCE DOCUMENTS AND STRIKES EIGHT OF REINSURER’S AFFIRMATIVE DEFENSES
Munoz v. PHH Corp., No. 1:08-cv-0759-AWI-BAM, 2013 WL 684388 (E.D. Cal. Feb. 22, 2013) and Munoz v. PHH Corp., No. 1:08-cv-0759-AWI-BAM, 2013 WL 1278509 (E.D. Cal. Mar. 26, 2013).
In two separate rulings, a California federal court has granted plaintiffs’ motion for production of reinsurance documents in a putative RESPA class action and struck eight of the reinsurer’s affirmative defenses. Plaintiffs allege that a mortgage lender received illegal referral fees from mortgage insurance companies who agreed to reinsure with the lender’s captive reinsurance company. Ceded premiums allegedly funded reinsurance trusts, rather than funds from reinsurer, and, therefore, reinsurer allegedly assumed no real or commensurate risk...
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