Judge Issues Final Judgment To Reinsurer In $1.3M Breach Of Contract Case

Mealey's (December 13, 2018, 8:49 AM EST) -- MONTGOMERY, Ala. — In a $1.3 million breach of contract dispute between a nonprofit public insurer and a reinsurer, an Alabama federal judge on Dec. 7 issued a final judgment in favor of the reinsurer based upon an arbitration panel’s recent award (Alabama Municipal Insurance Corp. v. Munich Reinsurance America Inc., No. 16-948, M.D. Ala.)....