Insurer Drops Claim For Pre-Pleading Security Against Reinsurer

NEW HAVEN, Conn. - An insurer told a Connecticut federal court on Jan. 21 that its reinsurer has paid the principal amount owed and, therefore, is not required to post more than $450,000 in pre-pleading security (Travelers Casualty and Surety Company f/k/a The Aetna Casualty and Surety Company v. Excalibur Reinsurance Corporation f/k/a PMA Capital Insurance Company, No. 12-cv-01701, D. Conn.; See 12/14/12, Page 10).Full story on lexis.com