October 01, 2014
A New York federal judge threw out a suit Tuesday brought by liquidators of reinsurer Mariah Re Ltd. to reel back $100 million American Family Mutual Insurance Co. had paid to cover storm losses, saying the severe weather event terms of Mariah's contract with the insurer are unambiguous.
November 22, 2013
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.
July 11, 2013
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.