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Excalibur Objects to Magistrate Judge’s Ruling that Foreign Insurer May Invoke Conn. Pre-Pleading Security Statute

Excalibur Reinsurance Corp. has objected to a federal magistrate judge’s holding that a foreign insurer is not barred from invoking Connecticut’s pre-pleading security statute because the statute does not address the citizenship of the party initiating the action, arguing that the ruling contravenes the state legislature’s intent.

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