Judge:  Reinsurance Wouldn’t Shift Risk Of Loss In Breach Suit Over Surety Bonds

( July 25, 2023, 11:30 AM EDT) -- ASHEVILLE, N.C. — Ruling in part that a surety’s “potential reinsurance coverage does not provide a basis for this Court to reconsider the amount of collateral ordered,” a North Carolina federal judge denied a company’s motion seeking reconsideration or suspension of a preliminary injunction that ordered the company to deposit nearly $16 million in collateral....

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