New York Federal Jury Awards $64M To Insurer, Finds Reinsurer Is Liable

Mealey's (December 18, 2017, 3:40 PM EST) -- UTICA, N.Y. — A jury in a New York federal court on Dec. 15 awarded an insurer more than $64 million after finding that a reinsurer is liable under seven reinsurance agreements for sums the insurer paid to an insured in an asbestos claims settlement (Utica Mutual Insurance Co. v. Fireman’s Fund Insurance Co., No. 09-00853, N.D. N.Y.)....