Federal Judge Certifies $3.2M Default Judgment As Final Against Reinsurer

Mealey's (March 6, 2018, 11:53 AM EST) -- SAN DIEGO — A California federal judge on March 5 granted an insurer’s request to certify as final a $3.2 million default judgment against a reinsurer over its alleged breach of reinsurance agreements as a result of a series of fraudulent transfers (Odyssey Reinsurance Co. v. Richard Keith Nagby, et al., No. 16-3038, S.D. Calif.)....