Utica Mutual Insurance Company v. Munich Reinsurance America, In
Case Number:
19-1241
Court:
Nature of Suit:
4190 CONTRACT-Other Contract Action
Companies
Sectors & Industries:
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July 29, 2021
2nd Circ. Sides With Reinsurers In Asbestos Coverage Suits
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.
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October 16, 2020
Reinsurer Wants 2nd Circ. To Stop Asbestos Billing Appeal
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.