Panel Upholds $4.2M Judgment In Favor Of South Korean Insurer

Mealey's (May 4, 2020, 10:52 AM EDT) -- HOUSTON — A Texas appeals panel on April 30  affirmed a South Korean insurer’s $4.2 million judgment against a reinsurer’s president and one of its senior underwriters on the grounds that the insurer was fraudulently induced to enter into a settlement agreement regarding the return of reinsurance premiums (Devon Harrison, et al. v. Meritz Fire & Marine Insurance Company Ltd., No. 14-18-00336-CV, Texas App., 14th Dist., 2020 Tex. App. LEXIS 3618)....