A London insurer will not be compelled into arbitration to determine what coverage it might owe in the bankruptcy of one of the major suppliers of asbestos-based products, the U.S. Court of Appeals for the Third Circuit has ruled.
Judge Thomas Vanaskie, writing for the court, said that The Flintkote Co. couldn’t compel its insurer Aviva PLC to arbitrate on the basis of equitable estoppel.
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