Alabama Municipalities Insurer Files $1.9M Suit Against Reinsurer

Mealey's (May 13, 2020, 6:56 AM EDT) -- MONTGOMERY, Ala. — An insurer for most of the municipalities in Alabama accuses a reinsurer in a May 1 complaint filed in an Alabama federal court of breaching its contract and acting in bad faith to cause $1.9 million in out-of-pocket damages to the insurer (Alabama Municipal Insurance Corporation v. Munich Reinsurance America, Inc., No. 20-300, M.D. Ala.)....

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