Insurers To Pay Debtor $21M In Complete Settlement Of Asbestos Coverage Disputes

Mealey's (June 23, 2020, 4:32 PM EDT) -- TACOMA, Wash. — A global resolution to all coverage disputes that will see insurers of defunct Chapter 11 debtor Fraser’s Boiler Service Inc. pay $21 million to resolve the company’s asbestos personal injury claims was approved June 22 by a Washington federal bankruptcy judge (In re:  Fraser’s Boiler Service, Inc., No. 18-41245, W.D. Wash. Bkcy.)....