Reinsurance Corp.-U.S. Branch v. Argonaut Insurance Co.
United States District Court for the Southern District of New York
2008 WL 1805459 (2008)
- Written by Tammy Boggs, JD
Facts
Reinsurance Corp.-U.S. Branch (Reinsurance) (plaintiff) and Argonaut Insurance Company (Argonaut) (defendant) had disputes regarding Argonaut’s obligation to pay certain reinsurance claims. The parties submitted their disputes to confidential arbitrations, which yielded final arbitration awards. In connection with petitions to confirm the arbitration awards, Reinsurance requested sealing of the awards. The district court granted Reinsurance’s request but reserved the right to reconsider its ruling. Thereafter, Argonaut moved for reconsideration and to unseal the final arbitration awards. At the motion hearing, Reinsurance argued that unsealing the awards was a “slippery slope” and that parties to a reinsurance agreement would be impaired in future exchanges of information due to the fear that information would later be disclosed. Reinsurance did not contend that unsealing the awards would lead to any direct or immediate harm.
Rule of Law
Issue
Holding and Reasoning (Castel, J.)
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