Insured Says Insurer Acted In Bad Faith By Refusing To Settle Asbestos Suit

(December 14, 2020, 1:47 PM EST) -- DALLAS — An insurer breached its contract and acted in bad faith by refusing to settle an underlying asbestos personal injury suit filed against the insured and by refusing to cover a $17 million verdict entered against the insured following the insurer’s refusal to settle the underlying suit, an insured alleges in a Dec. 9 complaint filed in Texas federal court (Celanese Corp. v. Lamorak Insurance Co., No. 20-3606, N.D. Texas)....

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