Reinsurer Seeks To Bar Evidence In $3.2M Asbestos Dispute In Federal Court

Mealey's (May 3, 2018, 10:09 AM EDT) -- SYRACUSE, N.Y. — In a dispute over $3.2 million allegedly owed for an asbestos settlement, a reinsurer in an April 24 letter seeks to preclude an insurer from introducing evidence to a New York federal court concerning follow-the-fortunes clauses at trial because there is no evidence that these clauses are implied into the reinsurance contracts as a matter of industry custom and practice (Utica Mutual Insurance Co. v. Munich Reinsurance America Inc., Nos. 12-00196 & 13-00743, N.D. N.Y.)....