July 29, 2021
The Second Circuit on Thursday dashed Utica Mutual Insurance Co.'s efforts in two separate cases to obtain additional reimbursement for its coverage of a wave of asbestos litigation against a pump manufacturer, saying Utica's reinsurers were only required to cover defense costs within umbrella policy limits.
October 16, 2020
Munich Reinsurance America Inc. is urging the Second Circuit to uphold a ruling finding that it does not owe Utica Mutual Insurance Co. $2.7 million in expenses stemming from asbestos verdicts, saying the lower court was correct in finding its reinsurance agreement didn't include those costs.