Judge Grants Reinsurer's Summary Judgment, Says Agreement Is Unambiguous

SYRACUSE, N.Y. - A federal judge in New York granted a reinsurer's motion for summary judgment on Sept. 30 because the court found that a reinsurance agreement's $5 million liability limit unambiguously applies to expenses (Utica Mutual Insurance Company v. Munich Reinsurance America, Inc., No. 12-cv-00196, N.D. N.Y.; 2013 U.S. Dist. LEXIS 141212).

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