Insurer Says Reinsurer Must Post More Than $800,000 In Pre-Pleading Security

NEW HAVEN, Conn. - An insurer told a Connecticut federal court on Feb. 27 that its reinsurer is not authorized to do business in Connecticut and, therefore, must post pre-pleading security per a Connecticut statute (Travelers Indemnity Company v. Excalibur Reinsurance Corporation, No. 12-cv-01793, D. Conn.; See 3/1/13, Page 10)....(read more)Image may be NSFW.
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