Search Results for: california

NORCAL Mutual Ins. Co. v. Certain Underwriters at Lloyd’s of London

(Cal. App. February 22, 2010)

Certain Underwriters at Lloyd’s of London, CNA Reinsurance Company Limited and Terra Nova Insurance Company, Limited (“reinsurers”) reinsured NORCAL Mutual Insurance Company (“NORCAL”) for any liability NORCAL might incur under a managed health care professional liability policy issued by NORCAL for the initial policy period of August 1999 through August 2000.  After the reinsurers denied NORCAL’s claim for reinsurance, NORCAL sued for breach of contract, insurance bad …

U.S. Life Insurance Co. v. Superior National Insurance Co.

(9^th Cir. [CA] January 4, 2010)

The Ninth Circuit Federal Court of Appeals has recently upheld a California District Court ruling affirming an arbitration award in favor of a group of insurers against a reinsurer.  The group of insurers entered into a reinsurance contract with U.S. Life to reinsure the insurers’ workers compensation risks for a five year period.  After entering into the agreement, the insurers declared bankruptcy and entered into liquidation.…

Sun Life Assurance Co. of Canada v. Liberty Mut. Ins. Co. et. al.

(United States District Court, Southern District California, December 9, 2009)

This action arises from a dispute between the parties over their obligations under two reinsurance contracts.  The petitioner, Sun Life, seeks the confirmation of a prior arbitration award, whereas respondents contend that in seeking confirmation of the award Sun Life also seeks substantive rulings regarding the rights and liabilities of the parties that the arbitration panel did not address.  …