Mealey's Insurance - 2nd Circuit Affirms That New York Law Governs Reinsurance Case

Mealey's Insurance - 2nd Circuit Affirms That New York Law Governs Reinsurance Case

NEW YORK - A Second Circuit U.S. Court of Appeals panel in an unpublished Aug. 27 opinion affirmed a lower court decision that Illinois law applies to a late notice reinsurance billing dispute and, therefore, that the reinsurer did not have to show prejudice to refuse payment (AIU Insurance Co. v. TIG Insurance Co., No. 13-1580, 2nd Cir.; 2014 U.S. App. LEXIS 16513).

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