Judge Vacates $64M Jury Verdict Against Reinsurer In Asbestos Coverage Suit

Mealey's (July 22, 2020, 1:53 PM EDT) -- UTICA, N.Y. — A New York federal judge on July 21 vacated a $64,092,191.78 jury verdict in favor of an umbrella insurer and against a reinsurer in their asbestos coverage dispute following a reversal from the Second Circuit U.S. Court of Appeals on whether the reinsurer breached its contracts (Utica Mutual Insurance Co. v. Fireman's Fund Insurance Co., No. 09-853, N.D. N.Y.)....