Decades-Old MOU Is Focus Of Lawsuit Over Reinsurance Billings Dispute

(July 22, 2024, 8:01 AM EDT) -- LOS ANGELES — Suing two English reinsurers in a California court in a dispute over “millions” in reinsurance billings arising from asbestos bodily injury claims, an insurer alleges that an incorrect interpretation of a 1984 memorandum of understanding (MOU) is at the root of their refusal to pay....