Liquidator Says Asbestos Trust Cannot Object To Another Party’s Claim
Mealey's (March 14, 2016, 10:09 AM EDT) -- CONCORD, N.H. — The liquidator of an insolvent insurer told a New Hampshire court on March 11 that an asbestos trust has no standing to challenge the liquidator’s allocations of litigation expenses to a state’s insurance guaranty association (In the Matter of the Liquidation of The Home Insurance Company, No. 03-E-0106, N.H. Sup., Merrimack Co.).
(Liquidator’s opposition to objection available. Document #10-160325-026B.)
The Home Insurance Co. entered liquidation on June 11, 2013, by order of the Merrimack County Superior Court. The court named the state’s insurance...