Appellate Panel Affirms Trial Court Asbestos-Related Reinsurance Decision

(November 3, 2015, 12:28 PM EST) -- NEW YORK — A New York appeals panel on Oct. 29 affirmed a lower court, holding that evidence on the reasonableness of a group of reinsureds’ allocation of a settlement amount to asbestos-insurance claims is contrary to an earlier appeals court decision (United States Fidelity & Guaranty Company, et al. v. American Re-Insurance Company, et al., No. 604517/02, N.Y. Sup., App. Div., 1st Dept.; 2015 N.Y. App. Div. LEXIS 7979)....

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