Federal Judge Dismisses Suit, Says Companies Are Not Insureds Under Policies
Mealey's (February 9, 2016, 8:00 AM EST) -- BOSTON — A Massachusetts federal judge on Feb. 5 dismissed a lawsuit filed by the state’s insurance insolvency fund seeking to recover for asbestos claims paid on behalf of two insolvent insurers after determining that the two companies are not named insureds as they did not assume the past or future obligations of the named insured (Massachusetts Insurers Insolvency Fund v. Beacon Roofing Supply, Inc., et al., No. 15-cv-12291, D. Mass.; 2016 U.S. Dist. LEXIS 14364).
(Opinion available. Document #03-160210-002Z.)
Massachusetts Insurers Insolvency Fund sued Beacon...