Akin Gump’s Rosenblum on Reinsurability of Punitive Damages

Akin Gump’s Rosenblum on Reinsurability of Punitive Damages

David Raim of Chadbourne & Parke LLP asks Rick Rosenblum of Akin Gump Strauss Hauer & Feld LLP about a reinsurance contact with an ECO or XPL clause but does not specify whether it covers punitive damages.  How does that clause apply in the context of punitive damage awards?  These and other attorneys and experts spoke on panels at HB Litigation Conferences’ Sept. 10, 2009, Reinsurance Claims & Dispute Resolution Conference in New York City.  See what Rosenblum had to say. 
 
(The opinions expressed in HB clips are the personal views of the speakers and intended for educational purposes only.)