Insurer Says Reinsurer Must Pay More Than $2 Million In Pre-Pleading Security

NEW HAVEN, Conn. - An insurer told a Connecticut federal court on March 22 that Connecticut's security posting statute entitles it to more than $2 million in pre-pleading security from its non-Connecticut licensed reinsurer (Travelers Indemnity Company v. Excalibur Reinsurance Corporation, No. 11-cv-01209, D. Conn.; See 3/15/13, Page 9)....(read more)Image may be NSFW.
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