A "Storm Warning" for the Reinsurance Industry

[This article was originally published in ReinsuranceFocus.com, and does not constitute legal or other professional advice or service by Jorden Burt LLP and/or its attorneys. Paul Williams is an associate with Jorden Burt LLP at the firm's Washington, D.C., office.]

Recent cases have highlighted the importance of the "storm warnings" doctrine in reinsurance and arbitration cases. This doctrine states that when a party receives "company specific information" or "storm warnings" that it is being defrauded, it comes under a duty to inquire into the circumstances. When such a duty arises, the statute of limitations begins to run.

Since this issue …