Unless Explicitly Stated Otherwise, Reinsurer’s Policy Limit Does Not Cap Defense Cost (PA)
In October of 2017, the Superior Court of Pennsylvania upheld a Philadelphia trial judge’s ruling that OneBeacon Insurance, the reinsurer, was on the hook for defense expenses incurred by its reinsured above and beyond the limit established in the “Reinsurance Accepted” section of its facultative certificates. The case was in regards to an asbestos-related claim against Century Indemnity […]