$10.9M Awarded In Asbestos, Reinsurance Coverage Suit; Prejudgment Interest Sought

Mealey's (July 30, 2021, 1:27 PM EDT) -- ALBANY, N.Y. — Following a jury’s verdict in favor of an insurer on whether defense costs paid on behalf of an insured for asbestos liabilities are covered under a reinsurer’s policies and entry of judgment awarding $10,901,005 in damages, the insurer on July 29 filed notice of a motion before a New York federal judge to correct or amend the motion to include prejudgment interest of $8,444,834....