Judge Refuses to Consider $1 Million Cap Ruling

PHILADELPHIA - A federal judge has refused to reconsider his ruling that a $1 million cap in a facultative reinsurance certificate encompasses expenses incurred in connection with the underlying policy. Pacific Employers Insurance Co. v. Global Reinsurance Corporation of America, No. 09-06055 (E.D. Pa.).

In a case involving reinsurance coverage for asbestos injury claims brought against Buffalo Forge Co., Judge Robert F. Kelley of the U.S. District Court for the Eastern District of Pennsylvania ruled in April that Pacific Employers Insurance Co.'s expenses are subject to the $1 million limit stated in the certificate, issued by Global Reinsurance Corporation of …