Thank you for sharing!

Your article was successfully shared with the contacts you provided.


Judge Baer

A DECLARATORY judgment action involved a reinsurance coverage dispute between the reinsurer, the insurer, and the reinsurance broker, stemming from alleged late “notice” to the reinsurer of claims under several reinsurance certificates involving two insureds. Defendant insurer moved for summary judgment against plaintiff reinsurer on the issue of whether the insurer violated the Definitive Statement of Loss (DSOL) provisions of one of the certificates. The insurer asserted that it fully complied with the DSOL provision contained within the certificates, by supplying the reinsurer with all information necessary for it to post proper reserves and determine the propensities of any loss reported. The court granted the motion, ruling that to conclude that the insurer violated the DSOL provisions in the certificates would invalidate months of responsiveness. The court noted that the insurer’s responses to the reinsurer’s inquiries were always prompt, and were never indicative of evasion.

Want to continue reading?
Become a Free ALM Digital Reader.

Benefits of a Digital Membership:

  • Free access to 1 article* every 30 days
  • Access to the entire ALM network of websites
  • Unlimited access to the ALM suite of newsletters
  • Build custom alerts on any search topic of your choosing
  • Search by a wide range of topics

*May exclude premium content
Already have an account?

Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.