Williams v. Wainscott

OPINION

MATTHEWS, Chief Justice.

I. INTRODUCTION

This case concerns the attempts of Great Atlantic Insurance Company (GAIC) to recover nearly $1.4 million in reinsurance claims from Pacific Marine Insurance Company of Alaska (PacAk). In 1989 both companies were declared insolvent and placed into liquidation. The deadline to file claims in the PacAk estate was March 1, 1990. In 1994 GAIC submitted four claims to PacAk which the PacAk Receiver denied. The superior court upheld the Receiver’s decision, concluding that it was supported by substantial evidence. Because we hold that the superior court…