Reinsurer Says It Does Not Object To Reinsured’s Motion To Dismiss Appeal
Mealey's (March 24, 2016, 10:18 AM EDT) -- NEW YORK — A reinsurer told a federal appellate court on March 21 that it does not object to its reinsured’s motion to dismiss an appeal, noting that the only issue remaining regarding their asbestos-related reinsurance dispute is prejudgment interest (Utica Mutual Insurance Company v. Clearwater Insurance Company, No. 16-484, 2nd Cir.).
(Response available. Document #12-160401-006B.)
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. Utica brought a claim of breach...