In light of the growing volatility in the insurance industry, it should come as no surprise that there is an increase in the number of reinsurance lawsuits involving the original policyholder (or insured) and the reinsurer. Traditionally, the original policyholder was rarely aware of the existence of the reinsurance agreement between its insurer and reinsurer. Now, with the number of direct action lawsuits between the original policyholder and reinsurer growing, reinsurers must be aware of these recent decisions. Attached please find our article which examines the potential impact of these direct action decisions.
For a copy of the direct action article click here
by Thomas F. Segalla and Jeffrey L. Kingsley