Mariah Re Ltd.(In Liquidation) v. American Family Mutual Insuran
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June 30, 2015
2nd Circ. Nixes Reinsurer's $100M Storm Payment Appeal
The Second Circuit affirmed Tuesday that American Family Mutual Insurance Co. doesn't owe anything to reinsurer Mariah Re Ltd., which had claimed it was forced to pay $100 million based on an improperly altered report on a 2011 storm system.
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May 14, 2015
Insurer Defends $100M Storm Coverage Payout In 2nd Circ.
An attorney for American Family Mutual Insurance Co. told the Second Circuit on Thursday it should not be required to return $100 million to a reinsurer stemming from losses in a 2011 storm, denying allegations that the payout was inflated in breach of a contract.