Insurer Seeks Reconsideration Of Reinsurance Duties For $3.2M Asbestos Settlement

Mealey's (April 19, 2018, 7:09 AM EDT) -- SYRACUSE, N.Y. — In a dispute over whether a reinsurer is obligated to an insurer for more than $3.2 million in reinsurance proceeds for an underlying asbestos settlement, the insurer in an April 3 motion seeks reconsideration of a New York federal judge’s finding of ambiguity in the reinsurance certificate provisions related to expense (Utica Mutual Insurance Co. v. Munich Reinsurance America Inc., Nos. 12-00196 & 13-00743, N.D. N.Y.)....