Reinsurer: Insurer Cannot Seek New Money Damages Following Favorable Ruling

Mealey's (September 8, 2020, 2:11 PM EDT) -- NEW YORK — A reinsurer argues in a Sept. 3 opposition brief that a New York federal judge should reject an insurer's "after-the-fact effort to add" $459,652.22 reflecting "unsecured paid losses" to a judgment in the insurer's favor on breach of contract and declaratory judgment claims (AmTrust North America, Inc. v. Signify Insurance Ltd., et al., No 18-3779, S.D. N.Y.)....