Reinsurance Review - October 2010

Reinsurance Review - October 2010

October 1, 2010

In this month’s edition:

  • Appellant Petitions Supreme Court To Interpret the “Arising Out of” Phrase in Arbitration Clause
  • Fifth Circuit Concludes It Lacks Inherent Authority to Impose Sanctions for Conduct During Arbitration
  • District Court Confirms Arbitration Award Despite Party’s Argument that Arbitrator Exceeded Scope of Its Authority
  • District Court Declares That Concurrent Lawsuits Between Two Insurers Regarding Enforceability of a Reinsurance Agreement Does Not Present “Extraordinary” Circumstances To Stay Federal Court From Exercising Jurisdiction
  • District Court Rules Against Abstention Of Federal Claims In Parallel Filings Of Reinsurance Declaratory Judgment Actions
  • State Court Applies “Follow-the-Settlement” Doctrine in Reinsurance/Asbestos Dispute