Insurer Amends Breach Of Contract Lawsuit To Seek $2.5M From Reinsurer

Mealey's (October 21, 2020, 1:23 PM EDT) -- DETROIT — A ceding insurer filed a first amended breach of contract complaint on Oct. 16 in a Michigan federal court against its reinsurer, seeking the balance of $2.5 million for reinsurance billings related to asbestos claims owed to the cedent under a 1981 facultative certificate (Amerisure Mutual Insurance Co. v. Transatlantic Reinsurance Co., No. 18-11966, E.D. Mich.)....