Discovery Deadlines Extended in Dispute Over Whether Limit of Liability Applies to Settlement Expenses

NEW YORK — Parties have agreed to extend discovery in a dispute over whether a reinsurance certificate’s $5 million limit of liability applies to the cedent’s expenses incurred in the settlement of underlying asbestos claims.

According to a Jan. 14 stipulation between Munich Reinsurance America Inc. and Utica Mutual Insurance Co., the discovery cutoff has been extended from Feb. 28 to Nov. 30, and the deadline to file substantive motions has been moved from April 30 to Jan. 29, 2015. Utica’s expert disclosures are due Oct. 1 and Munich’s rebuttal disclosures are due Oct. 30, according to the filing …