Second Circuit Rules Facultative Certificates Respond On a Cost-Inclusive Basis in Asbestos Dispute

Photo by Pixabay on Pexels.com

Insurance coverage and reinsurance disputes over asbestos settlements continue to occupy the courts. Many of the reinsurance disputes revolve around how facultative certificates of reinsurance must respond to underlying asbestos settlements involving umbrella policies. The issue typically involves whether the expenses associated with the defense of the underlying claims is recoverable in excess of the underlying policy limits. In a recent case, the Second Circuit issued a fairly long decision on this issue.

Continue reading “Second Circuit Rules Facultative Certificates Respond On a Cost-Inclusive Basis in Asbestos Dispute”