Kaiser Gypsum Insurer Files Suit, Alleges Breaches Of Policies By Debtors

Mealey's (September 20, 2019, 10:11 AM EDT) -- CHARLOTTE, N.C. — An insurer of Chapter 11 debtors Kaiser Gypsum Co. Inc. and Hanson Permanente Cement Inc. says in an Aug. 28 adversary complaint in North Carolina federal bankruptcy court that it should be relieved of its duty to pay to defend asbestos personal injury claims because of the debtors’ breach of cooperation agreements (Truck Insurance Exchange v. Kaiser Gypsum Company, Inc., et al., No. 19-03052, W.D. N.C. Bkcy.)....