Mealey's Insurance - New York Federal Judge: Reinsurer's Maximum Liability Is Capped Under Certificates

Mealey's Insurance - New York Federal Judge: Reinsurer's Maximum Liability Is Capped Under Certificates

NEW YORK - A New York federal judge on Aug. 15 granted a reinsurer's motion for partial summary judgment after determining that the reinsurance certificates at issue clearly cap the reinsurer's maximum liability to the reinsured (Global Reinsurance Corporation of America v. Century Indemnity Company, No. 13-cv-06577, S.D. N.Y.; 2014 U.S. Dist. LEXIS 113793).

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