Judge: Insurer Can’t Recover In Its Own Name What Reinsurers Paid

Mealey's (September 29, 2022, 3:33 PM EDT) -- EAST ST. LOUIS, Ill. — Ruling that an insurer that sued only in its own name “is not entitled to recover as damages the amount its reinsurers paid for in settlement in the underlying case,” an Illinois federal judge granted the defendants’ motion for partial summary judgment in the suit over alleged legal malpractice....