Reinsurer’s Direct Benefits Estoppel Argument Is Rejected Again In Texas Appeal

Mealey's (May 11, 2023, 1:01 PM EDT) -- TYLER, Texas — Deciding as it did last year in “an almost identical” appeal filed by the same reinsurer, a Texas appellate panel on May 10 upheld a ruling that the reinsurer did not establish that direct benefits estoppel applies and, therefore, did not show that an arbitration provision in the reinsurance contract is enforceable against the insured....