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Reinsurer Says It Is Not Obligated To Pay Share Of $170M Asbestos Settlement

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NEW YORK - A reinsurer sued its reinsured in a New York state court on March 1, saying it has no obligation to cover an asbestos-related settlement of more than $170 million (Transatlantic Reinsurance Company v. AIU Insurance Company, et al., No. 151885/2013, New York Co., N.Y. Sup.)....(read more)

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