2nd Circuit Won’t Reconsider Defense Costs Ruling That Abandoned Bellefonte

Mealey's (February 14, 2022, 8:59 AM EST) -- NEW YORK — The Second Circuit U.S. Court of Appeals on Feb. 11 denied a petition for panel rehearing or rehearing en banc of a decision that a reinsurer had argued “misapprehended the rationale” of longstanding precedents abandoned in the ruling that requires the reinsurer to pay defense costs in excess of certificates’ liability limits based on follow-form clauses....