OneBeacon Seeks Reversal Of More Than $87M Judgment In Excess Coverage Suit

Mealey's (May 23, 2016, 12:18 PM EDT) -- NEW YORK — A New York federal court erred when it ruled that OneBeacon America Insurance Co. must pay more than $87 million to one of its insureds for environmental cleanup at five of the insured’s sites, OneBeacon argues in its reply brief filed in the Second Circuit U.S. Court of Appeals on May 10 (Olin Corporation v. OneBeacon America Insurance Company, et al., Nos. 15-2047, 15-2057, 15-2757 and 15-2763, 2nd Cir.).

(Appellant-cross-appellee reply brief available. Document #50-160526-018B.)

In 1970, OneBeacon issued three excess liability insurance...
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