Insurers File Suit, Say No Coverage Owed For Settlement Of Asbestos Lawsuit
(March 1, 2016, 12:50 PM EST) -- LOS ANGELES — A group of insurers claim in a complaint filed Feb. 22 in California federal court that no coverage is owed for the settlement of an underlying asbestos suit filed against the insured because the insured failed to obtain the insurers’ consent prior to settling the underlying suit (AIU Insurance Co., et al. v. Fluor Corp., et al., No. 16-1212, C.D. Calif.).
(Complaint available. Document #03-160302-002C.)
AIU Insurance Co., as successor to the rights under certain insurance policies issued by Commercial Insurance Company of...