Insurer Settlement Approvals Proper, Boiler Company In Chapter 11 Tells Court

(December 17, 2018, 3:51 PM EST) -- TACOMA, Wash. — A bankruptcy court’s approval of settlements between Chapter 11 debtor Fraser’s Boiler Service Inc. and several asbestos insurers should be affirmed because the court properly allowed the policies at issue to be sold back to the insurers “free and clear” of contribution and breach of contract claims by nonsettling insurers, the debtor says in a Nov. 20 Washington federal court brief on appeal (In re:  Fraser’s Boiler Service, Inc., Nos. 3:18-cv-5637 and 3:18-cv-05638, W.D. Wash.)....