Judge Enters Judgment Of $6.25M Against Reinsurer In Asbestos Settlements Dispute

Mealey's (October 2, 2019, 12:47 PM EDT) -- UTICA, N.Y. — Pursuant to a jury verdict, a New York federal judge on Oct. 1 entered judgment in favor of an insurer and against its reinsurer under two separate reinsurance certificates in the amount of $6.25 million in a dispute between the parties over coverage for settlements of asbestos claims (Utica Mutual Insurance Co. v. Century Indemnity Co., No. 13-995, N.D. N.Y.)....