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Pa. Justices Won’t Hear $8M Asbestos Reinsurance Dispute

Law360 (August 9, 2018, 7:10 PM EDT) -- Pennsylvania’s Supreme Court declined to take up a case over reinsurance coverage on asbestos claims, letting a trial court’s nearly $8 million judgment against OneBeacon Insurance Co. stand.

The state’s highest court denied OneBeacon’s petition for allowance of appeal Tuesday. A lower appellate court, the Superior Court, had previously affirmed a Philadelphia trial court’s decision to make OneBeacon pay Century Indemnity Co. and Pacific Employers Insurance Co. a total of $7.99 million in addition to the $11 million OneBeacon had already forked over.

An attorney for OneBeacon declined to comment Thursday.

Pacific and a precursor to Century both issued umbrella liability...

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