‘Objectively Reasonable’ Allocation Binds Reinsurer, Insurer Tells 2nd Circuit

Mealey's (November 22, 2021, 1:28 PM EST) -- NEW YORK — An asbestos claims settlement allocation is “objectively reasonable” and a follow-the-settlements clause makes it binding on a reinsurer, an excess insurer argues in its Nov. 17 appellee brief, urging the Second Circuit U.S. Court of Appeals to uphold a lower court’s ruling in its favor....