Mealey's (February 1, 2022, 1:12 PM EST) -- WASHINGTON, D.C. — In Jan. 31 oral argument before the District of Columbia Circuit U.S. Court of Appeals in a dispute over a $26 million award, the financial services company appellant contended that under credit insurance policy binders, it properly pursued direct contract claims against reinsurers; the reinsurers argued that the binders did not constitute contracts, and brokers asserted that tort claims against them were properly dismissed under the economic loss rule....