Judge Remands Reinsurance Dispute Because Of Service-Of-Suit Clauses

NEW YORK - A federal judge in New York on March 11 granted an insurer's motion to remand an asbestos-related reinsurance dispute to state court, holding that the service-of-suit clauses in three of six reinsurance agreements at issue amount to a waiver of the reinsurer's right to remove the case to federal court (The Insurance Company of the State of Pennsylvania v. TIG Insurance Company $(as successor by merger to International Surplus Lines Insurance Company$), No. 12-cv-06651, S.D. N.Y.).

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