Reinsurer, Insurance Agent’s Case Over ‘Claw Back’ Payments Is Ripe, Judge Says

Mealey's (November 11, 2020, 11:10 AM EST) -- FORT WORTH, Texas — A declaratory judgment dispute between a Cayman Islands reinsurer and an insurance agent regarding “claw back” payments in a quota share reinsurance agreement is ripe, a Texas federal judge held Nov. 10, declining to dismiss (Contractor Managing General Insurance Agency, Inc. v. Greenlight Reinsurance, Ltd., No. 20-996, N.D. Texas)....