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Chinese Reinsurers Can't Exit Reimbursement Suit Yet

By Ganesh Setty ( September 9, 2024, 6:53 PM EDT) -- Two property insurers properly served Chinese reinsurers with their suit alleging that they owe more than $43 million in unpaid reinsurance claims, an Iowa federal court ruled, rejecting the reinsurers' argument that under the Hague Convention the insurers had to instead serve their suit via China's central authority. ...

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