Insurer, Reinsurer Submit Briefs On New York High Court Decision’s Application

(February 14, 2018, 8:53 AM EST) -- NEW YORK — In a coverage dispute over asbestos litigation costs, a reinsurer and insurer submitted letters on Feb. 9 to the Second Circuit U.S. Court of Appeals 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.)....