Insurer, Reinsurer Reach Settlement In Principle In Dispute Over Withheld Funds

( October 29, 2025, 8:34 AM EDT) -- CHICAGO — Days after denying a motion to stay proceedings, an Illinois federal judge noted in a minute entry that an insurer and reinsurer have reached a settlement in principle in a dispute in which the reinsurer claims that the insurer breached their reinsurance agreement by withholding funds owed under contractual liability insurance policies issued to a service contract provider....

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