CORCORAN v. ARDRA INS. CO.


77 N.Y.2d 225 (1990)

James P. Corcoran, as Superintendent of Insurance of the State of New York and as Liquidator of Nassau Insurance Company, Respondent, v. Ardra Insurance Company, Ltd., et al., Appellants.

Court of Appeals of the State of New York.

Decided December 20, 1990.


Attorney(s) appearing for the Case

James Veach and Eugene A. Leiman for appellants.

William F. Costigan and Patricia A. Griffin for respondent.

Chief Judge WACHTLER and Judges KAYE, ALEXANDER, TITONE, HANCOCK, JR., and BELLACOSA concur.


SIMONS, J.

The issue presented is whether plaintiff, the State Superintendent of Insurance acting as liquidator of an insolvent insurance company, can be compelled to arbitrate the insolvent's claims against a foreign reinsurer. It arises because defendant Ardra Insurance Company, Ltd., a Bermuda reinsurance corporation, and its principals seek to compel plaintiff to...

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