Rapid-American, Excess Insurers Spar Over Policy Limit Exhaustion

(July 14, 2016, 12:44 PM EDT) -- NEW YORK — A dispute over coverage for asbestos claims among Chapter 11 debtor Rapid-American Corp. and the three insurers that have not settled with the company continues despite a recent summary judgment ruling, with the parties filing letter briefs June 15 in New York federal bankruptcy court on whether the issue of policy limits is moot because of the ruling (Rapid-American Corporation, et al. v. Travelers Casualty and Surety Company, et al., No. 15-01095, S.D. N.Y. Bkcy.; 2016 Bankr. LEXIS 2224).

(Rapid-American brief available. Document...
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