STORY FROM: Reinsurance & Arbitration
Greenlight Re Seeks Dismissal of Insurance Agent’s Reinsurance Premium Lawsuit
September 16, 2020
FORT WORTH, Texas — Greenlight Reinsurance Ltd. has moved to dismiss an insurance agent’s claims that the reinsurer is barred from seeking a return of premiums for a reinsurance agreement, arguing that the agent has failed to plausibly allege an “actual controversy” as required by the Declaratory Judgment Act.
In a Sept. 11 motion filed in the U.S. District Court for the Northern District of Texas, Greenlight contends that Contractor Managing General Insurance Agency Inc. (CMGIA) “had not received a threat of litigation sufficiently specific and concrete to give rise to an ‘actual controversy’ that was ripe for judicial intervention ...
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