Legal Opinion

Pacific Reinsurance Management Corp. v. Fabe

Court of Appeals for the Seventh Circuit

Decided April 12, 1991No. Nos. 90-2102, 90-2233PublishedCited by 15 opinions

1Opinion of the Court

EASTERBROOK, Circuit Judge.

Ohio Reinsurance Corporation belongs to a reinsurance pool of which Pacific Reinsurance Management Corporation is manager. Reinsurance treaties call for participants to share both gains and losses. This agreement also requires the parties to arbitrate any dispute about financial responsibility. Pacific Reinsurance initiated an arbitration that would value all participants’ obligations and wind up the pool. In 1988 the arbitrators ordered the participants to pay into escrow their shares of the pool’s shortfall pending final decision. Ohio Reinsurance’s share exceeds…

2Cases cited10 opinions

  1. Leman v. Krentler-Arnold Hinge Last Co.Supreme Court of the United States · 1932
  2. Stiller v. HardmanCourt of Appeals for the Second Circuit · 1963
  3. Elizabeth v. Bogosian v. Woloohojian Realty Corp.Court of Appeals for the First Circuit · 1991
  4. Centurion Reinsurance Company, Limited, Plaintiff-Counterdefendant-Appellee v. Howard S. Singer and L. Steven Medgyesy, Defendants-CounterplaintiffsCourt of Appeals for the Seventh Circuit · 1987
  5. People Who Care, Plaintiffs-Appellants--Cross-Appellees v. Rockford Board of Education District No. 205, Defendant-Appellee--Cross-AppellantCourt of Appeals for the Seventh Circuit · 1991

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3Cited by15 opinions

  1. National Tax Credit Partners, L.P., and National Tax Credit, Inc. v. Edward F. Havlik, Virgil W. Owings, and United Development Management CompanyCourt of Appeals for the Seventh Circuit · 1994
  2. Chicago Downs Association, Inc. v. Dennis R. Chase, Doing Business as Sports Achievements AssociationCourt of Appeals for the Seventh Circuit · 1991
  3. Condaire, Inc. v. Allied Piping, Inc., Nbd Bank, a Michigan Banking Corporation, GarnisheeCourt of Appeals for the Sixth Circuit · 2002
  4. Trustees Of The Chicago Truck Drivers, Helpers And Warehouse Workers Union (Independent) Pension Fund v. Central Transport, Inc.Court of Appeals for the Seventh Circuit · 1991
  5. National Life Real Estate Holdings, LLC v. ScarlatoAppellate Court of Illinois · 2017

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