2nd Circuit Orders Briefing In Reinsurance Dispute Over Occurrence Liability Cap

(January 30, 2018, 1:00 PM EST) -- NEW YORK — In a coverage dispute over asbestos litigation costs, the Second Circuit U.S. Court of Appeals on Jan. 26 ordered an insurer and reinsurer to submit briefing concerning how a New York high court ruling applies to a reinsurance contract’s per-occurrence liability cap (Global Reinsurance Corporation of America v. Century Indemnity Co., No. 15-2164, 2nd Cir.)....