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CORCORAN v. AIG MULTI-LINE

143 Misc.2d 62 (1989)

James P. Corcoran, as Superintendent of Insurance of the State of New York, Plaintiff, v. AIG Multi-Line Syndicate, Inc., et al., Defendants.

Supreme Court, New York County.

March 6, 1989

Attorney(s) appearing for the Case

LeBoeuf, Lamb, Leiby & MacRae for Hudson Reinsurance Company Ltd., defendant. Mendes & Mount for Cambridge Reinsurance Ltd. and others, defendants. Kroll & Tract for plaintiff.

IRA GAMMERMAN, J.

Defendant reinsurers1 move, pursuant to CPLR 7503, for an order staying the instant action and directing arbitration in accordance with the treaties of reinsurance. Plaintiff Union Indemnity Insurance Company of New York (Union) opposes the application on the grounds that (1) an insurance company in liquidation cannot be compelled to arbitrate, (2) the parties...

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