Delaware High Court Denies Insurers' Appeal Of Ruling In Reinsurer's Rehabilitation

Mealey's (September 10, 2020, 11:19 AM EDT) -- WILMINGTON, Del. — The Delaware Supreme Court on Sept. 4 denied life insurers' appeals over efforts in a reinsurer's rehabilitation to obtain offsets or recoupment of claim payments and reinsurance premiums under a settlement agreement because the insurers could still recover on their unpaid claims as part of the rehabilitation process (Protective Life Insurance Company, et al. v. Trinidad Navarro, Nos. 217, 2020 & 218, 2020, Del. Sup., 2020 Del. LEXIS 300)....