Panel Upholds Denial Of Bid To Rescind Quota-Share Reinsurance Agreement

Mealey's (March 8, 2018, 11:24 AM EST) -- SAN FRANCISCO — In a ruling affirming and reversing in part several lower court orders, the Ninth Circuit U.S. Court of Appeals on March 7 denied a judgment creditor’s challenge to the denial of its request to rescind its intercompany quota-share reinsurance agreement (QSA) with an insurance company (PSM Holding Corp. v. National Farm Financial Corp., et al., Nos. 15-55026 & 15-55941, 9th Cir., 2018 U.S. App. LEXIS 5771)....