Reinsurer Tells Court It Will Appeal Order To Pay Reinsured Prejudgment Interest

Mealey's (August 16, 2016, 11:38 AM EDT) -- ALBANY, N.Y. — A reinsurer told a federal court in New York on Aug. 12 that it intends to appeal to the Second Circuit U.S. Court of Appeals an order of the trial court that it pay $941,433 in prejudgment interest to its reinsured (Utica Mutual Insurance Co. v. Clearwater Insurance Co., No. 13-cv-1178, N.D. N.Y.).

(Notice of appeal available. Document #12-160819-013X.)

Utica Mutual Insurance Co. sued Clearwater Insurance Co. on Sept. 20, 2013, in the U.S. District Court for the Northern District of New York....
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