Nicaraguan Insurer, Reinsurer Sued For Breach Of Contract, Fraud In Federal Court

Mealey's (March 14, 2019, 10:51 AM EDT) -- MIAMI — An insured filed a first amended complaint on March 7 in a Florida federal court, asserting claims for breach of contract, civil theft, unjust enrichment and fraud against the government of the Republic of Nicaragua, a Nicaraguan insurer and a reinsurer over denied coverage for a fire loss (Farouk Morales v. INISER Instituto Nicaraguense de Seguros y Reaseguros, et al., No. 18-24301, S.D. Fla.)....

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