Judge Says Reinsured's Loss Did Not Reach Reinsurance Agreement's Trigger Point

Judge Says Reinsured's Loss Did Not Reach Reinsurance Agreement's Trigger Point

NEW YORK - A federal judge in New York granted summary judgment to a reinsurer on Oct. 17 because the reinsured's losses did not reach a reinsurance agreement's $5 million trigger point (Seneca Insurance Company Inc. v. Everest Reinsurance Company, No. 11-cv-07846, S.D. N.Y.).

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