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PROGRESSIVE CAS. v. C.A. REASEGURADORA NACIONAL

No. 91 Civ. 4580(CSH).

802 F.Supp. 1069 (1992)

PROGRESSIVE CASUALTY INSURANCE COMPANY, the Reinsurance Corporation of New York, Christiana General Insurance Corporation of New York, Worcester Insurance Company, Pennsylvania Lumbermens Mutual Insurance Company, Colonia Insurance Company, United Reinsurance Corporation of New York, United Fire and Casualty Company, Plaintiffs, v. C.A. REASEGURADORA NACIONAL DE VENEZUELA, Defendant.

United States District Court, S.D. New York.

September 30, 1992.

Attorney(s) appearing for the Case

Kroll & Tract, New York City (James W. Carbin, Michael J. Carcich, Adam G.L. Kominsky, of counsel), for plaintiffs.

Debevoise & Plimpton, New York City (Donald Francis Donovan, Alexander Ewing, of counsel), for defendant.

MEMORANDUM OPINION AND ORDER

HAIGHT, District Judge:

In this action, plaintiffs are American insurance companies and retroceded reinsurers of risks covered by the defendant reinsurer, a Venezuelan company. Two casualty claims submitted by the insured have given rise to disputes between plaintiffs and defendant with respect to the parties' rights and obligations under the reinsurance policy between them.

Invoking this Court's diversity jurisdiction...

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