Asbestos litigation in the United States is financed primarily through general liability insurance policies issued through the mid-to-late 1900s. Language within the policies defines an insurer’s right and duty to defend and indemnify an insured entity up to the...
Insurance
Massachusetts Appeals Court Supports Insurers Right to Control
On October 16, 2017 the Massachusetts Appeals Court vacated a prior ruling that required OneBeacon Insurance Company (“OneBeacon “) to reimburse Celanese Corporation (“Celanese”) for defense costs incurred after OneBeacon agreed to defend without reservation. Celanese...
Motion To Reconsider Filed By Trinity Lloyd’s Insurance In Fifth Circuit Over Ruling Requiring Company To Cover $2.5 Million For Asbestos Claims
CMBG3 Law previously reported on an August 18, 2017 ruling by the Fifth Circuit appellate court, in which the court held that excess insurer U.S. Fire Insurance was not required to pay $2.5 million to primary carrier Trinity Lloyd’s Insurance Co. (“Trinity”) to cover...
Excess Carrier Not Required To Pay $2.5 Million To Primary Carrier, Court Says
On August 18, 2017, a three judge panel of the Fifth Circuit appellate court reversed a lower court’s finding that excess insurer U.S. Fire Insurance was required to pay $2.5 million to primary carrier Trinity Lloyd’s Insurance Co. to cover the defense costs of a...
$1 Billion In Coverage For Company’s Asbestos Claims
Nearly 14 years ago, ITT Corp. filed a lawsuit alleging that a group of insurers are obligated to cover ITT’s legal costs and expenses in numerous asbestos lawsuits filed against the company. The company is seeking nearly $1 billion in coverage for the claims...
Insurance Documents Must Be Turned Over In Coverage Dispute
In a recent decision by the Pennsylvania Federal Court involving a coverage dispute between two insurance carriers over underlying asbestos suits, U.S. District Judge Berle M. Schiller ordered that internal documents must be turned over despite arguments that they are...