Tag Archives: costs-in-addition

Final Award Confirmed Over Interim Final Award in Reinsurance Dispute

Reinsurance arbitration panels, when asked, sometimes issue interim awards that address merits issues.  Often this happens when the parties need clarity on how to calculate a reinsurance billing.  The panel’s interim award may resolve certain issues and suggest that the parties meet and confer to see if they can now resolve the dispute, but if … Continue Reading

The Battle Over Whether Reinsurance Limits in a Facultative Certificate Caps All Liability Rages On

Beginning in 1990 with the Second Circuit Court of Appeals’ controversial Bellefonte decision, a battle has raged on between parties to facultative certificates over whether a certificate’s reinsurance limit of liability is a cap on both reinsurance liability and expenses. For the most part, that battle has favored the reinsurers, with courts finding no ambiguity in the certificate’s … Continue Reading
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