Judge Dismisses Bad Faith Claim Based On Tort Remedy Against Reinsurer

Mealey's (July 20, 2020, 12:25 PM EDT) -- LOS ANGELES — A federal judge in California on July 16 dismissed insurers’ bad faith claim as a tort remedy against their reinsurer and struck the insurers’ request for attorney fees and statutory penalties in their dispute over denied reinsurance payments (California Capital Insurance Co., et al. v. Maiden Reinsurance North America, Inc., No. 20-01264, C.D. Calif.)....