Pro Rata Allocation Method Applies In Asbestos Coverage Dispute, Federal Judge Says

(March 24, 2016, 2:59 PM EDT) -- NEW YORK — A New York federal judge on March 22 determined that a pro rata method of allocation applies for indemnity costs incurred by an insured in underlying asbestos suits filed against it (Liberty Mutual Insurance Co. v. The Fairbanks Co., Nos. 13-3755, 15-1141, S.D. N.Y.; 2016 U.S. Dist. LEXIS 36662).

(Opinion available. Document #03-160406-001Z.)

Liberty Mutual Insurance Co. filed suit in the U.S. District Court for the Southern District of New York against its insured, The Fairbanks Co., seeking a declaration regarding coverage for...
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