Insurer Says Its Payment Of Asbestos Claims Was Reasonable

Mealey's (April 12, 2017, 11:39 AM EDT) -- SYRACUSE, N.Y. — An insurer told a federal court in New York on April 7 that its payments to its insured were reasonable and that a reinsurer’s challenge to those payments is contrary to the follow-the-fortunes doctrine (Utica Mutual Insurance Company v. Century Indemnity Company, No. 13-cv-00995, N.D. N.Y.)....