Pacific Fails To Shift Burden Of Asbestos Suits

Law360, New York (June 14, 2010, 4:34 PM EDT) -- A federal judge has reiterated that Pacific Employers Insurance Co.'s $1 million reinsurance policy with Global Reinsurance Corp. includes expenses as well as losses, potentially leaving Pacific to shoulder the bulk of a policyholder's defense in underlying asbestos litigation.

Judge Robert F. Kelly of the U.S. District Court for the Eastern District of Pennsylvania refused to reconsider or enable an appeal Wednesday, thwarting Pacific’s claim that the reinsurance contract at issue requires Global to cover up to $1 million of losses as well as a pro...
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