The U.S. Court of Appeals for the Third Circuit has ruled an exclusion in Travelers insurance company’s policy with a company hit with asbestos claims shields the insurer from paying $36 million to cover multiple settlements.
The appeals court overturned then U.S. District Judge Luis Felipe Restrepo‘s holding that the language of the asbestos claim exclusion was ambiguous, leaving Travelers on the hook to cover the settlements. Restrepo is currently a Third Circuit judge.
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