New York Justice Says Insureds Owed Almost $6.6M For Underlying Asbestos Claims

Mealey's (May 12, 2020, 8:45 AM EDT) -- SYRACUSE, N.Y. — A New York state justice on May 1 ruled that insureds are owed $6.6 million under two excess policies for underlying asbestos injury suits filed against the insured because the allocation method presented by the insureds is proper and in accordance with New York law (Carrier Corp., et al. v. Allstate Indemnity Co., No. 2005-EF-7032, N.Y. Sup., Onondaga Co.)....