Insurance Agency’s Principal: Reinsurer’s Request For Attorney Fees Must Be Reduced

Mealey's (August 14, 2019, 1:54 PM EDT) -- SAN DIEGO — A principal for an insolvent insurance agency argues in an Aug. 9 opposition in a California federal court that it should reduce a reinsurer’s requested attorney fees of $213,771 to $116,600 and the $23,355 requested costs for experts to $4,006.20 in their dispute over the alleged fraudulent transfer of assets belonging to the agency to avoid payment of a $3.2 million judgment (Odyssey Reinsurance Co. v. Richard Keith Nagby, et al., No. 16-3038, S.D. Calif.)....