2nd Circ. Affirms Reinsurer's $5M Win In 9/11 Aviation Row

By Kira Lerner (April 22, 2014, 3:15 PM EDT) -- The Second Circuit on Tuesday affirmed a $5.1 million judgment against aviation insurer ProSight Specialty Management Co. Inc. for overbilling Japanese reinsurer Aioi Nissay Dowa Insurance Co. Ltd. following the Sept. 11 terrorist attacks and several plane crashes, finding the district court correctly interpreted the reinsurance contracts....

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