STORY FROM: Reinsurance & Arbitration
Reinsurance Dispute Involving Late Notice Set For Sept. Trial in N.Y. Federal Court
June 21, 2017
UTICA, N.Y. — A reinsurance dispute between Fireman’s Fund Insurance Co. and Utica Mutual Insurance Co. concerning an underlying $325 million settlement of asbestos claims asserted against Goulds Pumps Inc. has been scheduled for trial on Sept. 18.
However, in a June 19 letter filed before Judge David N. Hurd of the U.S. District Court for the Northern District of New York, counsel for FFIC requested that the trial date be pushed back to after Nov. 10, explaining that all witnesses will be available after that date.
From 1966 to 1972, Utica insured Goulds under primary and umbrella policies. The ...
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