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2nd Circ. Weighs Reinsurer Liability Limits In Asbestos Row

By Jeff Sistrunk (May 4, 2016, 8:07 PM EDT) -- The Second Circuit will hear arguments Thursday on whether Global Reinsurance is obligated to cover Century Indemnity's costs to defend Caterpillar Tractor in asbestos litigation that are in excess of the reinsurer's total liability limits, in a case that experts say could have huge financial implications for insurers seeking reinsurance coverage....

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