( April 13, 2026, 7:53 AM EDT) -- NEW ORLEANS — A Fifth Circuit U.S. Court of Appeals panel affirmed in part, reversed in part and remanded a Texas federal court’s ruling dismissing a breach of contract claim arising from the Vesttoo Ltd. collapse that covers three sections of a reinsurance intermediary authorization agreement (RIAA), holding that while the RIAA imposed no duty on a reinsurance broker to procure collateral documentation or comply with Texas insurance laws, a homeowners insurer plausibly alleged postplacement breaches of the broker’s administrative obligations, which the panel found ambiguous and not resolvable at the pleading stage....