Insurer Sues Reinsurer For Breach Of Contract, Seeks $8.6M For Reimbursement

(March 28, 2019, 7:43 AM EDT) -- RIVERSIDE, Calif. — A reinsurer breached its contract and is responsible for the reimbursement of $8.6 million for payment of claims under a commercial property policy, an insurer alleges in a March 25 complaint filed in a California federal court (Nationwide Agribusiness Insurance Co. v. The Hartford Steam Boiler Inspection and Insurance Co., No. 19-00531, C.D. Calif.)....