Reinsurer Says It Was Not Obligated To Follow The Fortunes Of Its Reinsured

Mealey's (February 9, 2017, 7:12 AM EST) -- NEW YORK — A reinsurer told the Second Circuit U.S. Court of Appeals on Feb. 1 that a lower court judge erred in finding that the reinsurer was obligated to pay its reinsured under the follow-the-fortunes or follow-the-settlement doctrine (Utica Mutual Insurance Company v. Clearwater Insurance Company, No. 16-cv-2824 and Utica Mutual Insurance Company v. Clearwater Insurance Company, No. 16-2535, 2nd Cir.)....

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