Excess Insurers, Reinsurer Settle Dispute Over $11.6M Asbestos Buyout Agreement

Mealey's (December 9, 2020, 2:27 PM EST) -- SAN FRANCISCO — Two excess insurers and a reinsurer on Dec. 8 agreed in a California federal court stipulation to settle claims and counterclaims in their dispute over the reinsurer’s alleged responsibility toward a more than $11.6 million confidential buyout agreement regarding an insured’s asbestos liabilities (New Hampshire Insurance Company, et al. v. TIG Insurance Company, No. 20-04668, N.D. Calif.)....