Utica Petitions 2nd Circuit For En Banc Rehearing Of Case Decided For Reinsurers

Mealey's (August 16, 2021, 2:33 PM EDT) -- NEW YORK — A panel’s combined ruling in favor of two reinsurers in asbestos billings and certificate disputes conflicts with prior decisions on the meaning of “covered” and “coverage” and on inconsistent reinsurance allocations, Utica Mutual Insurance Co. says in an Aug. 12 petition for rehearing en banc before the Second Circuit U.S. Court of Appeals....