Insurer, Reinsurer Reach Decision To Dismiss Breach Of Contract Case

Mealey's (June 20, 2019, 11:17 AM EDT) -- NEW YORK — An insurer and a reinsurer notified a New York federal judge on June 3 that they agreed to voluntarily dismiss their breach of contract lawsuit regarding claims under facultative reinsurance contracts for losses of $2.5 million (Continental Insurance Company of New Jersey, et al. v. National Union Fire Insurance Company of Pittsburgh, PA, No. 18-4715, S.D. N.Y.)....