High Court Denies Review Of Ruling As To Insurers, Reinsurers’ 5th Amendment Rights

Mealey's (October 29, 2018, 11:46 AM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on Oct. 29 denied certiorari review of the Federal Circuit U.S. Court of Appeals’ finding that 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 (Aviation & General Insurance Company Ltd., et al. v. United States, No. 17-1164, U.S. Sup.)....