Reinsurer Seeks New Trial After New York Federal Jury Awards $64M To Insurer

(January 4, 2018, 9:10 AM EST) -- UTICA, N.Y. — Following a jury’s verdict of $64 million, a reinsurer in a Dec. 29 motion asked a New York federal court for a new trial, arguing that it is not liable under seven reinsurance agreements for sums an 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.)....