Judge Awards $3M To Insurer For Reinsurer’s Breach Of Contract

Mealey's (April 10, 2020, 1:50 PM EDT) -- NEW YORK — A New York federal judge on April 8 awarded an insurer more than $3 million for a reinsurer’s breach of contract in not paying billings tied to defense costs for asbestos claims (Global Reinsurance Corporation of America v. Century Indemnity Co., No. 13-6577, S.D. N.Y.)....