Parties In Reinsurance Dispute File Briefs On Ultimate Net Loss Provision

(June 12, 2023, 1:50 PM EDT) -- MONTGOMERY, Ala. — Parties in a complex breach of contract suit over reinsurance billings filed new briefs on June 9 addressing just one claim at the direction of the Alabama federal court; specifically, they dispute the interpretation of a contract provision regarding ultimate net loss and whether it applies to $385,546.03 the insurer incurred in a suit against its errors and omissions (E&O) carrier....