Reinsurer Moves For New Trial Or Change In $10.9M Judgment For Insurer On Asbestos

Mealey's (August 17, 2021, 3:09 PM EDT) -- ALBANY, N.Y. — Arguing that it is entitled to a new trial or altered or amended judgment, a reinsurer on Aug. 5 filed two notices of motions in a federal court in New York regarding a jury verdict that awarded $10,901,005 to an insurer in a dispute over defense costs paid for asbestos liabilities, citing in part a Second Circuit U.S. Court of Appeals decision issued after the trial; the reinsurer also challenged a requested award of $8,444,834 in prejudgment interest....