STORY FROM: Reinsurance & Arbitration
Canal Insurance, Golden Isles Agree to Settle Reinsurance Fraud Action
February 1, 2018
ATLANTA - An action in which Canal Insurance Co. accused Golden Isles Reinsurance Company Ltd. of fraudulently liquidating its assets to avoid paying its reinsurance obligations has been settled, according to a recent filing in Georgia federal court.
In a Jan. 18 joint notice of settlement filed before Judge Leigh Martin May of the U.S. District Court for the Northern District of Georgia, the parties reached a binding and enforceable agreement to settle the case.
The settlement will be memorialized in a formal written confidential settlement agreement, which will result in the dismissal of this action with prejudice ...
Associated Law Firms
Robbins Ross Alloy Belinfante Littlefield
Notice of Settlement