Reinsured Is Entitled To Only Nominal Damages, Connecticut Judge Says

(May 5, 2021, 12:56 PM EDT) -- HARTFORD, Conn. — A Connecticut judge on March 19 determined that a reinsured is entitled to only nominal damages of $1 because the reinsured failed to prove that the amounts billed to a reinsurer were consistent with the reinsurer’s obligations under the reinsurance contract and failed to establish how the billed amounts were calculated under the terms of the reinsurance contract....

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