Pennsylvania Appeals Panel: Reinsurer Owes $7.9M To Insurers On Asbestos Claims

(September 5, 2017, 2:00 PM EDT) -- HARRISBURG, Pa. — A reinsurer owes $7.9 million to two insurers for asbestos claims, a Pennsylvania Superior Court ruled Sept. 1, rejecting the reinsurer’s argument that it already paid out $11 million under specific limits of the policies (Century Indemnity Co. v. OneBeacon Insurance Co., No. 1280 EDA 2016, Pa. Super., 2017 Pa. Super. Unpub. LEXIS 3300)....

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