INSURER AND REINSURER STIPULATE TO DISMISSAL OF LAWSUIT, AGREEING TO ARBITRATE REINSURANCE CLAIM DISPUTE
TIG Insurance Company (“TIG”) sued Arrowood Indemnity Company (“Arrowood”) in federal court for breach of a reinsurance agreement. TIG had settled claims with insured Browning Ferris Industries, Inc., and claimed coverage from Arrowood under a facultative reinsurance contract. The parties dismissed their court case without prejudice, agreeing to arbitrate the dispute. The dispute is described in the lawsuit’s Complaint. TIG Ins. Co. v. Arrowood Indem. Co., Case No. 1:10-cv-00465-SM (U.S.D.C. D.N.H. Dec. 29, 2010)
This post written by Ben Seessel.
