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Cedent Loses Motion For Reinsurance Payments Due To Late Notice And “Unsatisfactory” Proof Of Loss, Notwithstanding “Follow The...

In a reinsurance coverage dispute involving coverage for an underlying settlement of asbestos liability, a New York court considered whether the defenses of failure to provide prompt notice and failure to provide satisfactory...more

Court Construes Disputed Insurance Policy Language And Requires Reinsurer To Follow The Settlements

The case involved two facultative reinsurance contracts, each of which covered excess liability for similar umbrella liability insurance policies, and each of which contained a “follow the settlements” provision. After the...more

Patton Boggs Reinsurance Newsletter- March 2013: New York Court of Appeals Reverses Summary Judgment on Follow-the-Settlements...

In a closely watched asbestos settlement allocation case, the New York Court of Appeals has modified the order of the intermediate appellate court to deny summary judgment to the cedent based on two issues of fact raised to...more

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