Liquidator Asks Court To Approve $6.5 Million Asbestos-Related Settlement
(April 1, 2016, 10:36 AM EDT) -- CONCORD, N.H. — The liquidator of an insolvent insurer asked a New Hampshire court on March 23 to approve a $6.5 million settlement between the insurer’s liquidation estate and an insured over certain asbestos bodily injury claims (In the Matter of the Liquidation of The Home Insurance Company, No. 03-E-0106, N.H. Sup., Merrimack Co.).
(Motion available. Document #10-160422-006M.)
The Home Insurance Co. was placed into liquidation on June 11, 2013, by the Merrimack County Superior Court, and the state’s insurance commissioner was appointed as Home’s liquidator....