UNIGARD SECURITY INSURANCE COMPANY INC V NORTH RIVER INSURANCE COMPANY INC

(1992) 1 Re LR 355

United States State of New York Court of Appeals

Before Chief Judge Wachtler, Judge Hancock, Judge Titone, Judge Bellacosa and Judge Yesawich

Notice - Late notice - Occurrence “likely to involve.. reinsurance” - Prejudice - Asbestos-related claims - Reinsured aware of likelihood that reinsurance would be involved - Timely notice not given to reinsurer - Whether reinsurer required to show prejudice under New York law.