Court Nixes $64M Award Against Fireman’s Fund in Reinsurance Spat with Utica Mutual

A federal appellate court on Tuesday overturned a jury’s award of $64 million against Fireman’s Fund Insurance Co. for allegedly breaching the terms of a reinsurance agreement. The 2nd Circuit Court of Appeals found that Fireman’s Fund was not liable …

from News – Insurance Journal https://ift.tt/3bQKHU8