A building supply company beset by asbestos lawsuits doesn’t need to exhaust all of its primary insurance coverage before those primary insurers can seek to compel other insurers, who have issued the company excess liability policies, to also chip in to cover the building supply makers’ liabilities from the lawsuits, the California Supreme Court has ruled.
Tag: asbestos claims
Supreme Court to Hear Insurer’s Challenge to Kaiser Gypsum Bankruptcy Plan
The U.S. Supreme Court agreed to hear a case in which an insurance company is challenging a bankruptcy reorganization plan that it says doesn’t protect it against fraudulent claims tied to asbestos exposure.