No Objection To Reinsurer’s Bond, Stay Pending Appeal Of Asbestos Claims Liability Ruling

Mealey's (January 14, 2021, 12:25 PM EST) -- NEW YORK — An excess insurer tells a New York federal judge in a Jan. 11 response that it does not object to a supersedeas bond and stay pending a reinsurer’s appeal of a ruling that it must pay part of a $35 million asbestos claims settlement and a prejudgment interest award of $2.9 million....