Reinsurer Says Insurer Fails To Show Asbestos Payments Are Covered, Seeks New Trial

Mealey's (January 31, 2018, 11:50 AM EST) -- UTICA, N.Y. — A reinsurer argues in its Jan. 19 reply brief for a new trial following a jury’s $64 million verdict that an insurer does not show that seven reinsurance agreements cover payments made 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.)....