Pennsylvania High Court Denies Appeal In Reinsurance Liability Cap Dispute

Mealey's (August 10, 2018, 1:42 PM EDT) -- HARRISBURG, Pa. — In a one-page per curiam order, the Pennsylvania Supreme Court on Aug. 7 denied an appeal of a lower court’s ruling affirming that reinsurance facultative certificates covered defense expenses in excess of a liability cap and that insurers were entitled to interest on certain proofs of loss for asbestos claims issued before 2013 (Century Indemnity Co., et al v. OneBeacon Insurance Co., No. 45 EAL 2018, Pa. Sup., 2018 Pa. LEXIS 4075)....