Mariah Re Can't Take Back $100M Payment, Insurer Argues

Law360, New York (November 22, 2013, 6:31 PM EST) -- American Family Mutual Insurance Co. told a New York federal court Wednesday that the liquidators of Mariah Re Ltd. could not reel back the $100 million the reinsurer paid for storm losses, arguing the payment was based on accurate data.

American Family and fellow defendants AIR Worldwide Corp. and ISO Services Inc. each asked the court to toss Mariah's lawsuit, which alleged that ISO improperly revised a report about a 2011 storm to state that metropolitan areas in Kansas were impacted, which in turn, allowed AIR to...
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