Rapid-American, Insurers Both Denied Judgment On Policy’s Limits

Mealey's (March 7, 2017, 12:46 PM EST) -- NEW YORK — A New York federal bankruptcy judge on March 2 denied summary judgment to both Chapter 11 debtor Rapid-American Corp. and two of its insurers in a dispute over whether a policy has a $10 million or $30 million limit for asbestos liability claims (Rapid-American Corporation, et al. v. Travelers Casualty and Surety Company, et al., No. 15-01095, S.D. N.Y. Bkcy.)....