Reinsurer, Entities Allege Insured’s Breach Resulted In Damages Of $955,301.39

Mealey's (July 16, 2020, 7:04 AM EDT) -- JAMAICA, N.Y. — An insured breached a reinsurance participation agreement (RPA) causing $995,301.39 in damages, Applied Underwriters Captive Risk Assurance Co. Inc. (AUCRA) and related entities allege in a June 26 counterclaim filed in a New York court (Air-Sea Packing Group, Inc. v. Applied Underwriters, Inc., et al., No. 711035/2019, N.Y. Sup., Queens Co.)....

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