Insurer Placed Value On Aggregate Limits Over Asbestos Claims, Judge Says

Mealey's (February 28, 2020, 2:36 PM EST) -- SYRACUSE, N.Y. — In a reinsurance dispute concerning coverage for asbestos losses, a New York federal judge on Feb. 27 found no error in her ruling that testimony demonstrated the value an insurer placed on its insured’s agreement that the policies contained aggregate limits (Utica Mutual Insurance Co. v. Munich Reinsurance America Inc., No. 12-196, Munich Reinsurance America Inc. v. Utica Mutual Insurance Co., No. 13-743, N.D. N.Y.)....