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Liquidator Says $34M Settlement Of Asbestos Claims Is Fair And Reasonable

(October 24, 2016, 10:18 AM EDT) -- CONCORD, N.H. — The liquidator of an insolvent insurer asked a New Hampshire court on Oct. 21 to approve his recommendation that the liquidation estate settle certain asbestos bodily injury related claims for $34 million (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 #10-161028-023M.) 

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

Roger A. Sevigny, New Hampshire’s insurance commissioner...
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