The Florida Department of Financial Services is suing Allianz and its Bermudian subsidiary Allianz Risk Transfer (ART) for more than $20mn after alleging that the insurance group conspired to "loot" failed Floridian insurer Magnolia Insurance.
The Florida Department of Financial Services is suing Allianz and its Bermudian subsidiary Allianz Risk Transfer (ART) for more than $20mn after alleging that the insurance group conspired to "loot" failed Floridian insurer Magnolia Insurance.