Reinsurer Continues Argument Against Follow The Settlements In 2nd Circuit Reply Brief

Mealey's (January 6, 2022, 7:05 AM EST) -- NEW YORK — In a Dec. 8 appellant reply brief urging reversal of a New York federal judge’s grant of summary judgment, a reinsurer says that in a different case, the Second Circuit U.S. Court of Appeals rejected the “risk of loss” allocation argument advanced by an excess insurer in the instant dispute over an asbestos claims settlement allocation....