Insurers Have No Valid Claim In Suit Over Duke Energy Settlement, Reinsurer Says

Mealey's (February 9, 2022, 9:15 AM EST) -- WHITE PLAINS, N.Y. — Denying allegations that it breached its contractual obligations, a reinsurer says in its answer and affirmative defenses filed Feb. 7 in a New York federal court that neither plaintiff has a claim to assert against it under the reinsurance certificates at issue, alleging that one paid nothing in the settlement that gave rise to the suit and the other released its rights in a 2003 commutation with an affiliate of the reinsurer....