Rapid-American Tells Bankruptcy Court Insurer Agrees To Settle Case

(April 20, 2020, 4:25 PM EDT) -- NEW YORK — Chapter 11 debtor Rapid-American Corp. and the lone remaining insurer defendant in an adversary action have reached a settlement in their dispute over coverage for asbestos personal injury claims, the company says in a March 30 letter filed in New York federal bankruptcy court (Rapid-American Corporation, et al. v. Travelers Casualty and Surety Company, et al., No. 15-01095, S.D. N.Y. Bkcy.)....