Liquidator Asks Court To OK $450,000 Asbestos-Related Settlement With Insured

(December 8, 2015, 8:59 AM EST) -- CONCORD, N.H. — The liquidator of an insolvent insurer moved in a New Hampshire court on Dec. 4 for approval of a $450,000 settlement with an insured over certain environmental and asbestos-related claims (In the Matter of the Liquidation of The Home Insurance Company, No. 03-E-0106, N.H. Sup., Merrimack Co.).

(Motion for approval of settlement agreement available. Document #10-151224-020M.)

The Home Insurance Co. was placed into liquidation on June 11, 2013, by the Merrimack County Superior Court. New Hampshire’s insurance commissioner was named as Home’s liquidator....
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