Reinsurer Notes New York Court’s Ruling In Appeal Of Defense Costs Ruling

Mealey's (January 31, 2023, 1:38 PM EST) -- NEW YORK — A recent New York court decision “confirms that [the reinsurer’s] interpretation . . . ‘is the only fair construction’” of the umbrella policies at issue, the appellant tells the Second Circuit U.S. Court of Appeals in a citation of supplemental authority in its long-running dispute with an insurer over defense costs for asbestos liabilities....