Nevada High Court: Insolvent Insurer’s Directors Are Not Liable For Negligence

Mealey's (March 24, 2020, 12:32 PM EDT) -- LAS VEGAS — Directors of an insolvent Nevada risk retention group are not liable for breach of fiduciary and gross negligence claims brought by the state’s insurance commissioner, the Nevada Supreme Court ruled Feb. 27, vacating a trial court’s prior order and granting judgment on the pleadings to the directors (Robert Chur, et al. v. The Eighth Judicial District Court of the State of Nevada, in and for the County of Clark, et al., No. 78301, Nev. Sup., 2020 Nev. LEXIS 6)....