( June 17, 2026, 8:49 AM EDT) -- LOS ANGELES — An insurer told a California federal court that its suit seeking more than $5 million from guarantors after a reinsurer allegedly defaulted on obligations under a 2019 reinsurance agreement should proceed because the defendants executed absolute payment guaranties triggered by the reinsurer’s unwillingness or inability to pay and the insurer does not need to first obtain a judgment in a related New York action to state a plausible breach of guaranty claim....