Government Did Not Violate Insurers’, Reinsurers’ 5th Amendment Rights, Panel Says

Mealey's (February 14, 2018, 1:23 PM EST) -- WASHINGTON, D.C. — The U.S. government’s termination of insurers and reinsurers’ lawsuits pursuant to a claims settlement agreement between it and Libya and its subsequent legislation and executive order did not constitute a compensable taking under the Fifth Amendment, the Federal Circuit U.S. Court of Appeals affirmed Feb. 12 (Aviation & General Insurance Company Ltd., et al. v. United States, Nos. 16-2389 & 16-2402, Fed. Cir., 2018 U.S. App. LEXIS 3275)....