Run-Off Insurer’s 2nd Amended Complaint Sought To Be Partially Dismissed

Mealey's (January 8, 2019, 1:22 PM EST) -- NEW YORK — In a dispute over the alleged mismanagement and misuse of $320 million, a run-off insurer’s second amended complaint should be dismissed, a reinsurer and its entities argue in a Jan. 7 motion in a New York federal court because the run-off insurer fails to sufficiently allege claims arising out of a breach of fiduciary duty and fraud (Senior Health Insurance Company of Pennsylvania v. Beechwood Re Ltd., et al., No. 18-6658, S.D. N.Y.)....