Judge Bars Punitive Damages Testimony, Evidence In Insurer’s Breach Of Duty Case

Mealey's (July 8, 2019, 1:54 PM EDT) -- COLUMBIA, S.C. — An insurer’s claims over a bank’s alleged breach of duties as trustee of a reinsurance trust for an insolvent insurer are subject to the jurisdiction of the insurer’s liquidation proceeding, a South Carolina federal judge ruled July 3, granting the bank’s motion to exclude testimony and evidence related to punitive damages (Accident Insurance Company Inc. v. U.S. Bank National Association, et al., No. 16-2621, D. S.C., 2019 U.S. Dist. LEXIS 111371)....