Liquidator Asks Court To Approve $28 Million Asbestos-Related Settlement
(June 27, 2016, 10:06 AM EDT) -- CONCORD, N.H. — The liquidator of an insolvent insurer asked a New Hampshire court on June 22 to approve his recommendation of a $28 million settlement of certain asbestos-related bodily injury claims with one of the insolvent insurer’s insureds (In the Matter of the Liquidation of The Home Insurance Company, No. 03-E-0106, N.H. Sup., Merrimack Co.).
(Motion available. Document #10-160722-002M.)
The Merrimack County Superior Court ordered The Home Insurance Co. into liquidation on June 11, 2013.
Roger A. Sevigny, New Hampshire’s insurance commissioner and Home’s court-appointed...