Reinsurer Takes Timely Notice, Other Issues To 5th Circuit In Indemnity Row

(August 22, 2024, 9:11 AM EDT) -- NEW ORLEANS — Fighting a $2,866,423.97 judgment that includes attorney fees, a reinsurer told the Fifth Circuit U.S. Court of Appeals that the challenged decision “appears to be the first case to vest virtually unfettered discretion with an insured (or ceding company in this case) to decide when to notify its insurer (or reinsurer) of a claim.”...