Federal Judge Remands, Says Insurer Citizen Of State And Was Not Improperly Joined

Mealey's (November 16, 2022, 8:58 AM EST) -- NEW ORLEANS — A Louisiana federal judge granted remand to a property and casualty insurance company investor who filed a breach of fiduciary duty suit against the company, which was placed into receivership after it allegedly failed to maintain sufficient reinsurance to cover losses from a hurricane, finding that remand was appropriate because the company was a citizen of Louisiana and failed to show that it was improperly joined....