Mealey's Insurance - Justice Dismisses Reinsurance Case Against Insurers' Parent Company

NEW YORK - A New York state justice dismissed an asbestos-related reinsurance case against the parent company of certain insurers on Feb. 7, holding that there is no contractual privity between the parent company and the reinsurer (Transatlantic Reinsurance Company v. American International Group, Inc., et al., No. 152812/2013, N.Y. Sup., New York Co.).

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