STORY FROM: Reinsurance & Arbitration

Fireman’s Fund Urges N.Y. Federal Judge to Consider Summary Judgment Motions in $1.7 Million Reinsurance Dispute

NEW YORK — Counsel for Fireman’s Fund Insurance Co. is urging a New York federal judge to consider the parties’ renewed cross-motions for summary judgment in an action in which FFIC seeks $1.7 million in reinsurance proceeds from OneBeacon Insurance Co. for the settlement of underlying asbestos claims.

In a Sept. 15 letter to Judge Paul G. Gardephe of the U.S. District Court for the Southern District of New York, FFIC notes it has been more than 15 months since the parties fully submitted their renewed motions.

FFIC issued three one-year excess umbrella liability policies to ASARCO Inc. The first ...

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