A federal judge has ordered the Travelers insurance company to pay $36 million in excess liability coverage to a company that settled tens of thousands of asbestos lawsuits against it.
U.S. District Judge L. Felipe Restrepo of the Eastern District of Pennsylvania ruled the $21 million accord agreed upon by Travelers and plaintiff General Refractories Co., referred to as GRC, should have $15 million in interest tacked on to it.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
