A federal judge has ordered the Travelers insurance company to pay $36 million in excess liability coverage to a company that settled tens of thousands of asbestos lawsuits against it.
September 11, 2015 at 12:00 AM
1 minute read
A federal judge has ordered the Travelers insurance company to pay $36 million in excess liability coverage to a company that settled tens of thousands of asbestos lawsuits against it.
U.S. District Judge L. Felipe Restrepo of the Eastern District of Pennsylvania ruled the $21 million accord agreed upon by Travelers and plaintiff General Refractories Co., referred to as GRC, should have $15 million in interest tacked on to it.
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