N.Y. Appellate Court Reinstates Interest Claims in Asbestos Coverage Action




ROCHESTER, N.Y. — A New York appellate court has reinstated a lawsuit filed by Utica Mutual Insurance Co. to the extent it seeks interest from Munich Reinsurance America Inc. on allegedly late loss payments in a dispute over reinsurance for underlying asbestos claims against Burnham Corp.

In a March 17 amended opinion, the New York Appellate Division, 4th Department, explained that Munich Re failed to "sufficiently demonstrate entitlement to judgment, as a matter of law, by tender of evidentiary proof in admissible form.”

However, the panel upheld the trial court’s ruling that Utica is not entitled to sums it spent …

FIRM NAMES
  • Hunton & Williams
  • Rubin Fiorella & Friedman





UPCOMING CONFERENCES




HarrisMartin's Mass Tort Settlements Conference - Sponsored by Milestone

June 27, 2024 - Buffalo, NY
The Richardson Hotel Buffalo

MORE DETAILS



HarrisMartin's MDL Conference

July 24, 2024 - Portland, ME
The Westin Portland Harborview

MORE DETAILS