July 17, 2017
A Brazilian reinsurer told a New York federal court Friday that it won't oppose steel maker Companhia Siderurgica Nacional SA's bid to intervene in litigation brought by National Indemnity Co. to support the insurer's bid to force the reinsurer to cover a $5 million deal with CSN under an arbitration award.
July 06, 2017
A New York federal judge on Wednesday temporarily declined to rule on National Indemnity Co.'s contention that an arbitration award requires a reinsurer to cover a $5 million settlement with a steel maker, giving NICO time to analyze claims it just learned the reinsurer leveled against it in Brazilian court.
July 03, 2017
Brazilian steel maker Companhia Siderurgica Nacional SA has asked a New York federal judge to let it intervene in litigation brought by National Indemnity Co. to support the insurer's bid to force a reinsurer to cover a $5 million deal with CSN under an arbitration award, saying its interests aren't being adequately represented.
June 30, 2017
National Indemnity Co. asked a New York federal judge Thursday not to rule on its request to hold that an arbitration award requires a reinsurer to cover a $5 million settlement with a steel maker until it can analyze claims it just learned the reinsurer leveled against it in Brazilian court.
June 29, 2017
A Brazilian reinsurer has urged a New York federal court to conclude that it isn't responsible under an arbitration award to fork over $5 million to cover a settlement National Indemnity Co. reached with a steel maker in a related dispute, saying the deal actually erased the reinsurer's obligation to pay up.
June 22, 2017
The National Indemnity Co. doubled down on its bid for $5 million from a Brazilian reinsurer so it can pay a settlement it reached with a steel maker in a related dispute, telling a New York federal court Wednesday the reinsurer is obligated to pay it under an arbitration award.
June 15, 2017
A Brazilian reinsurer slammed a bid from the National Indemnity Co. for $5 million under an arbitration award so it can pay a settlement it reached with a steel maker in a related dispute, telling a New York federal court Wednesday that NICO's deal doesn't require coverage from the reinsurer.
May 17, 2016
A New York federal judge agreed Tuesday to hold off on enforcing a judgment against a Brazilian reinsurer while the company appeals the court's order confirming three arbitration awards in favor of Berkshire Hathaway's National Indemnity Co. in a $168 million insurance settlement dispute.
May 12, 2016
A New York federal judge on Thursday gave Berkshire Hathaway's National Indemnity Co. another opportunity to respond to a Brazilian reinsurer's request to hold off on enforcing judgment while it appeals an order confirming three arbitration awards in NICO's favor, despite objections.
May 10, 2016
A Brazilian reinsurer continued to press a New York federal court Monday to hold off on enforcing judgment while it appeals an order confirming three arbitration awards in favor of Berkshire Hathaway's National Indemnity Co. over a $168 million insurance settlement dispute.