Contract Breach, Declaratory Judgment Suit Filed Against 2 Reinsurers Over Payments

Mealey's (January 18, 2023, 3:04 PM EST) -- NEW YORK — Alleging that two reinsurers have breached contracts by refusing to promptly pay amounts they allegedly acknowledged that they owe, an insurer filed suit in New York federal court seeking declaratory judgment, compensatory damages, interest, attorney fees and costs of suit....

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