Reinsurer Shouldn’t Get New Trial Or Stay Of $10.9M Judgment, Insurer Tells Court

Mealey's (August 31, 2021, 10:41 AM EDT) -- ALBANY, N.Y. — A jury’s $10,901,005 judgment in an insurer’s favor was proper and each of a reinsurer’s contrary arguments “is mistaken,” the insurer told a federal judge in New York on Aug. 26 in a dispute over defense costs paid for asbestos liabilities, filing opposition to a reinsurer’s motions to stay and to amend the judgment or to hold a new trial....