Justice Approves $28M Settlement Of Asbestos Claims With Insolvent Insurer

Mealey's (July 27, 2016, 11:26 AM EDT) -- CONCORD, N.H. — A New Hampshire justice on July 22 approved a $28 million asbestos bodily injury related settlement between the insolvent Home Insurance Co. and Ingersoll-Rand Co. (In the Matter of the Liquidation of The Home Insurance Company, No. 03-E-0106, N.H. Sup., Merrimack Co.).

(Order available. Document #10-160826-005R.)

The Home Insurance Co. was ordered into liquidation by the Merrimack County Superior Court on June 11, 2013.

Roger A. Sevigny, New Hampshire’s insurance commissioner and Home’s court-appointed liquidator, asked that the court enter an order approving...
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