Appellate Panel Reinstates Claims Against Reinsurance Trusts’ Administrator

Mealey's (May 5, 2021, 12:55 PM EDT) -- NEW YORK — A New York appellate panel on April 20 reversed a trial court’s dismissal of breach of contract and breach of fiduciary duty claims alleged against the administrator of reinsurance trusts after determining that a question of fact exists as to whether the administrator was liable for losses sustained to the reinsurance trusts and whether the administrator owed fiduciary duties to the beneficiaries of the reinsurance trusts....

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