Parties In Reinsurance Row Agree To Strike Punitive Damages From Pleadings

Mealey's (December 15, 2021, 12:59 PM EST) -- DETROIT — The parties in a breach of contract suit over reinsurance certificates have agreed to take punitive damages off the table; they informed a Michigan federal judge in a Dec. 13 stipulation shortly after Amerisure Mutual Insurance Co. filed its second amended complaint and Transatlantic Reinsurance Co. (TransRe) filed its answer....