July 09, 2021
A New York federal jury has awarded Utica Mutual Insurance Co. nearly $11 million in a fight with reinsurer Clearwater Insurance Co. over decades-old policies covering asbestos claims against a pump manufacturer, rejecting the reinsurer's argument that Utica acted in bad faith.
January 20, 2016
A New York federal judge found in favor of Utica Mutual Insurance Co. Wednesday in a $7.5 million fight with reinsurer Clearwater Insurance Co. over decades-old policies covering asbestos claims against a pump manufacturer, shooting down the reinsurer's assertion that Utica settled the claims in bad faith.
April 21, 2015
A New York federal judge should reconsider a decision that capped Clearwater Insurance Co.'s liability under two reinsurance contracts with Utica Mutual Insurance Co. at $7.5 million in light of a ruling by the Second Circuit, Utica said Monday.
November 20, 2014
Clearwater Insurance Co.'s liability under two reinsurance contracts with Utica Mutual Insurance Co. can't exceed $7.5 million, a New York federal judge ruled Thursday in Utica's suit seeking a declaration that the reinsurer must contribute toward a settlement with Goulds Pump Inc. over thousands of asbestos injury claims.
January 09, 2014
A New York magistrate judge Wednesday sent to mediation Utica Mutual Insurance Co.'s lawsuit against Clearwater Insurance Co., seeking to force the reinsurer to chip in more than $1 million toward a settlement with Goulds Pumps Inc. over thousands of asbestos injury claims.
September 24, 2013
Utica Mutual Insurance Co. on Friday filed suit against Clearwater Insurance Co. in New York federal court, aiming to force the reinsurer to chip in more than $1 million, along with future payments, toward a settlement with Goulds Pumps Inc. over thousands of asbestos injury claims.