Insurer: $2.7M Asbestos Billings Are Covered Under Reinsurance Certificate

Mealey's (November 13, 2020, 7:10 AM EST) -- NEW YORK — Utica Mutual Insurance Co. argues in its Nov. 5 reply brief that the Second Circuit U.S. Court of Appeals should apply the contract language as drafted in a 1973 reinsurance certificate and, thus, reject a reinsurer’s “invitation to create blanket interpretations for all reinsurance and insurance contracts without reference to that language” (Utica Mutual Insurance Company v. Munich Reinsurance America, Inc., No. 19-1241, 2nd Cir.)....