Insurer Claims Guaranty Breach After Companies Default On Reinsurance Obligations

( April 29, 2026, 8:32 AM EDT) -- LOS ANGELES — An insurer alleges in a California federal court that multiple companies breached guaranty agreements by failing to reimburse more than $5 million owed under a 2019 reinsurance agreement after a reinsurer defaulted and failed to indemnify the insurer....