Reinsurers Seek Attorney Fees Following Dismissal Of Arbitration Dispute

( August 6, 2026, 12:58 PM EDT) -- NEW YORK — Stating that an insurance exchange “should not be permitted to escape the economic consequences of its conduct,” a group of intervening reinsurers asked a New York federal court to award approximately $2 million in attorney fees and costs arising from the exchange’s failed attempt to disqualify an attorney who previously represented the exchange from serving as the reinsurers’ party-appointed arbitrator in a reinsurance dispute, contending that the exchange violated a hold-harmless agreement in which it promised not to sue the arbitrator....