Mealey's (September 16, 2022, 12:51 PM EDT) -- NEW YORK — Applying Zeig v. Mass. Bonding & Ins. Co. in a reinsurance dispute over allocation of an asbestos claims settlement, a Second Circuit U.S. Court of Appeals panel on Sept. 15 upheld a ruling that an excess insurance policy’s exhaustion requirement “was ambiguous and could be satisfied by a below-limits settlement of the underlying policies.”...