Justice Declines To Dismiss Reinsurer Contract Breach, Misrepresentation Lawsuit

Mealey's (July 26, 2017, 3:01 PM EDT) -- NEW YORK — A New York trial justice refused on July 17 to dismiss a Pennsylvania reinsurer’s misrepresentation and breach of contract lawsuit against an Illinois insurer over asbestos coverage because there is a substantial nexus between New York and the underlying reinsurance transactions (R&Q Reinsurance Co. v. Allianz Insurance Co., No. 653744/2014, N.Y. Sup., New York Co., 2017 N.Y. Misc. LEXIS 2721)....