STORY FROM: Reinsurance & Arbitration
Bench Trial Scheduled in Limit-of-Liability Dispute Between Munich Re, Utica Mutual
January 12, 2016
SYRACUSE, N.Y. — A New York federal judge has scheduled a bench trial in a dispute between Munich Reinsurance America Inc. and Utica Mutual Insurance Co. over the limits of liability of two facultative reinsurance certificates.
In a Jan. 8 order, Judge Brenda K. Sannes of the U.S. District Court for the Northern District of New York set Oct. 24 for the bench trial and required that all pretrial submissions be filed by Oct. 3.
MRAm issued Utica two facultative reinsurance certificates that covered primary and umbrella policies issued by Utica to Goulds Pumps Inc. in the 1970s. Since ...
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