Missouri Federal Judge: No Contribution Owed By Insurer For Asbestos Settlement

(November 17, 2016, 1:14 PM EST) -- ST. LOUIS — Because an insurer’s pro rata share for each year at issue in an asbestos coverage suit is less than its annual deductible, the insurer is not responsible for contributing to the settlement costs incurred by another insurer on behalf of the insured, a Missouri federal judge said Nov. 15 in granting the insurer’s motion for summary judgment (Zurich American Insurance Co. v. Insurance Company of North America, et al., No. 14-1112, E.D. Mo.; 2016 U.S. Dist. LEXIS 157688)....

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