Mass. Reinsurance Arbitration Delayed Due to Panel Members’ Deaths
October 24, 2022
- Status Report
BOSTON — A Massachusetts federal judge has been asked to continue the stay of a dispute in which an underwriting management organization is accused of wrongfully denying a claim filed under a stop loss excess reinsurance contract.
According to an Oct. 20 status report, the parties asked that the stay remain in place pending the outcome of their arbitration, explaining that they are “awaiting new hearing dates after significant, unfortunate delays caused by the untimely deaths of first a party-appointed arbitrator and then the umpire.”
In October 2017, Wellforce Indemnity Company Ltd., a captive insurer, asked broker Guy Carpenter to …
- Hinckley Allen & Snyder
- Murphy & King