Bankruptcy Judge Rejects Most Of Insurer's Proof Of Claim Against Asbestos Debtor

Mealey's (September 14, 2020, 9:14 AM EDT) -- ROME, Ga. — An insurer of Chapter 11 debtor The Fairbanks Co. is not entitled to reimbursement of $1.2 million in historical indemnity payments, overpayments or defense costs for asbestos personal injury claims based on its untimely reservation of rights or on any subrogation rights it has, a Georgia federal bankruptcy judge held Sept. 9 (In re The Fairbanks Company, No. 18-41768, N.D. Ga. Bkcy.)....