Reinsurer Wants $100M Back After 'Falsified' Storm Report

Law360, New York (July 11, 2013, 1:53 PM ET) -- The liquidators of Mariah Re Ltd. have launched a $100 million suit against American Family Mutual Insurance Co., ISO Services Inc. and AIR Worldwide Corp. in New York federal court, claiming a doctored report let American Family score more reinsurance than it was owed for a severe April 2011 storm.

Mariah, a special purpose vehicle created to provide reinsurance to American Family for severe weather-related losses, filed a complaint July 3, accusing the companies of flagrantly violating basic agreements that ensured its reinsurance was triggered only...
To view the full article, register now.




Case Information

Case Title

Mariah Re Ltd. (In Liquidation) v. American Family Mutual Insurance Company et al

Case Number



New York Southern

Nature of Suit

Contract: Other


Richard J. Sullivan

Date Filed

July 3, 2013

Law Firms