Insured Failed To Show Loss From Reinsurance Participation Agreement

Mealey's (September 13, 2019, 2:06 PM EDT) -- SACRAMENTO, Calif. — An insured failed to demonstrate any economic loss from entering into a reinsurance participation agreement (RPA) and, thus, lacks standing to sue under California unfair competition law (UCL), a California federal judge ruled Sept. 12, finding that the RPA as part of a workers’ compensation program is not illegal and void (Pet Food Express Ltd. v. Applied Underwriters Inc., et al., No. 16-01211, E.D. Calif., 2019 U.S. Dist. LEXIS 156198)....