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