Insurer Says To New York High Court: Reinsurer Must Pay Its Share Of Defense Costs

Mealey's (September 14, 2017, 8:43 AM EDT) -- NEW YORK — Reinsurance certificates should be treated as concurrent with underlying insurance policies, an insurer argues in an Aug. 4 reply brief in the New York Court of Appeals, so that a reinsurer must pay its share of defense costs for asbestos litigation (Global Reinsurance Corporation of America v. Century Indemnity Co., No. CTQ-2016, 0005, N.Y. App.)....