California Federal Judge: Insurers Must Pay Flintkote Trust For Asbestos Claims
Mealey's (April 7, 2016, 2:21 PM EDT) -- SAN FRANCISCO — A California federal judge on April 4 awarded insurers partial summary judgment in a coverage dispute with Chapter 11 debtor The Flintkote Co., finding that the insurers are obligated under the policies at issue to pay Flintkote only for the amount Flintkote actually pays to asbestos claimants through its post-bankruptcy trust (The Flintkote Company v. Aviva PLC, No. 15-cv-01638, N.D. Calif.; 2016 U.S. Dist. LEXIS 46090).
(Order available. Document #48-160422-001R.)
Flintkote and Canadian affiliate Flintkote Mines Ltd. (collectively, Flintkote) filed a...