Panel Denies Rehearing On Reinsurer’s Liability As To Asbestos Claims

Mealey's (November 27, 2018, 10:16 AM EST) -- NEW YORK — In a one-page order, the Second Circuit U.S. Court of Appeals on Nov. 14 denied a request for panel rehearing or for rehearing en banc of its ruling that a reinsurer’s liability follows an insurer’s expense‐supplemental obligations under umbrella policies (Utica Mutual Insurance Co. v. Clearwater Insurance Co., Nos. 16-2535 & 16-2824, 2nd Cir.)....