Trial Justice: Insolvent Insurer Not Allowed To Prorate Asbestos Coverage

Mealey's (October 25, 2018, 11:19 AM EDT) -- NEW YORK — Midland Insurance Co., which is in liquidation, cannot prorate its asbestos coverage, a New York trial justice ruled Aug. 10, finding that a trust can pursue the full limits of excess policies issued by the insolvent insurer (In the matter of the liquidation of Midland Insurance Co., No. 041294/1986, N.Y. Sup., New York Co., 2018 N.Y. Misc. LEXIS 4668)....