Nevada High Court: Insolvent Insurers’ Directors Didn’t ‘Demonstrate’ Jurisdiction

Mealey's (June 22, 2022, 4:48 PM EDT) -- LAS VEGAS — Directors of an insolvent Nevada risk retention group failed to “demonstrate” that the high court had jurisdiction in an insurance commissioner’s breach of fiduciary and gross negligence suit against them, the Nevada Supreme Court ruled June 6, dismissing the directors’ appeal of district court orders denying their motion for attorney fees and the Nevada insurance commissioner’s motion to retax and settle costs....

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