Insurer Says Reinsurer Breached Contract By Refusing To Pay Asbestos Billings

Mealey's (April 14, 2021, 2:09 PM EDT) -- PHILADELPHIA — A reinsurer breached certificates of facultative reinsurance by failing to pay more than $800,000 in billings submitted by an insurer for the settlement of underlying asbestos bodily claims paid by the insurer on behalf of an insured, the insurer claims in an April 8 complaint filed in Pennsylvania state court....

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