InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,070.55
(
1.20%
)
US TECH 100
17,047.20
(
1.76%
)
Dow Jones
38,503.69
(
0.69%
)
Brent Oil
87.54
(
1.30%
)
Bitcoin
66,288.26
(
-0.85%
)
Post# of 467
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Enterprising Investor

Send PM Follow Ignore
Followers 240
Posts 12043
Boards Moderated 1
Alias Born 04/05/2009

Enterprising Investor

Member Level

Re: Enterprising Investor post# 288

Saturday, 03/05/2016 11:52:16 AM

Saturday, March 05, 2016 11:52:16 AM

Post# of 467
Granite Re Files Motions in Lancaster County, Nebraska District Court in January 2016.

The first one is seeking the modification of the Default Judgement by eliminating the provision assigning the Granite Re Judgement to Continental. It also is seeking to have the Order approving the Settlement Agreement set aside.

If Granite Re is successful on these two motions, AIC will seek indemnification in the amount of $11 million from Continental and will reinstate its liability for the Granite Re judgement in the amount of $17.6 million as of 12/31/15.

Source: AIC 12/31/15 NAIC filing

The document was filed with the NAIC on 2/26/16.

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up