A Puerto Rico district court dismissed a third-party action by defendant-policyholder Puma Energy Caribe LLC against the reinsurers of an insurance policy issued by plaintiff Integrand Assurance Co. Puma claimed that the...more
1/20/2020
/ Arbitration ,
Arbitration Agreements ,
Attorney's Fees ,
Commercial Insurance Policies ,
Insurance Claims ,
Insurance Litigation ,
Motion to Dismiss ,
Negligence ,
Privity of Contract ,
Puerto Rico ,
Reinsurance ,
Reinsurance Agreements ,
Standing ,
Third-Party ,
Third-Party Beneficiaries
A New York federal court has dismissed a ceding insurer’s counterclaims against its reinsurance broker, finding the insurer’s claims for negligence and breach of fiduciary were barred by New York’s economic loss doctrine, and...more
Insurers looking to remove declaratory judgment actions to courts in the Third Circuit were recently given some clarity — and, for one defendant insurer, a welcome reversal. On August 21, the U.S. Court of Appeals for the...more