Excess Insurer Owes Almost $8M To Insured For Settlement Of Asbestos Claims

(February 9, 2021, 9:05 AM EST) -- LOS ANGELES — An excess insurer must reimburse its insured for almost $8 million incurred by the insured in settling underlying asbestos-related claims because the insured has proven that it exhausted all underlying coverage and that the excess policy attached, a California trial court judge said Jan. 25....