STORY FROM: Reinsurance & Arbitration
Ga. Federal Judge Orders Defendants to Produce Reinsurers’ General Ledger Info
July 20, 2017
ATLANTA — A Georgia federal judge has ordered the production of general ledger information for Golden Isles Reinsurance Co. and SGA Reinsurance Company Ltd. in a dispute in which Golden Isles is accused of liquidating its assets to avoid paying reinsurance proceeds to Canal Insurance Co.
On July 19, Judge Leigh Martin May of the U.S. District Court for the Northern District of Georgia overruled defendants’ objections and ordered them to produce the information within 14 days of the order.
In two separate reinsurance agreements dealing with worker's compensation and general liability claims respectively, Golden Isles Reinsurance Co. agreed to ...
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