Default Judgment Against Third-Party Administrators Granted On Fiduciary Breach

Mealey's (December 9, 2021, 12:38 PM EST) -- SANTA ANA, Calif. — A California federal judge on Dec. 6 granted default judgment on a breach of fiduciary duty claim against the defendants in a suit alleging negligent failure to obtain reinsurance coverage, dismissing the remaining claims and ordering $530,136.33 in compensatory damages and injunctive relief....