Judge Says Reinsurer Need Not Show Prejudice In Late Notice Dispute

NEW YORK - A New York federal judge agreed with a magistrate judge's report and recommendation on March 25 and granted summary judgment to a reinsurer, ruling that the reinsurer did not have to show prejudice when denying coverage because of an insurer's late notice of a claim (AIU Insurance Co. v. TIG Insurance Co., No. 07-cv-7052, S.D. N.Y.; 2013 U.S. Dist. LEXIS 41716)....(read more)