New York Justice:  Insurer Required To Fund All Asbestos Bodily Injury Settlements

Mealey's (June 21, 2021, 9:58 AM EDT) -- NEW YORK — A New York  justice on June 16 determined that an insurer named as the real party in interest following the dissolution of an insured company is responsible for funding 100% of asbestos bodily injury settlements negotiated by the insurer on behalf of the insured because as the real party in interest, the insurer was contractually bound to defend and indemnify the insured....

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