Reinsurer: City’s Alleged Wrongful Acts Predate Reinsurance Agreement

Mealey's (April 13, 2020, 1:34 PM EDT) -- TAMPA, Fla. — A reinsurer argues in an April 10 supplemental brief that a Florida federal court should grant it summary judgment because alleged wrongful acts against a city predate a reinsurance agreement, the claim is covered under a prior coverage agreement, the claim arose out of prior litigation and an inverse condemnation exclusion applies (Public Risk Management of Florida v. Munich Reinsurance America Inc., No. 18-1449, M.D. Fla.)....