{"id":37050,"date":"2008-03-26T16:35:41","date_gmt":"2008-03-26T21:35:41","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/uncategorized\/insurers-must-pay-reasonably-estimated-future-asbestos-losses.html"},"modified":"2008-03-26T16:35:41","modified_gmt":"2008-03-26T21:35:41","slug":"insurers-must-pay-reasonably-estimated-future-asbestos-losses","status":"publish","type":"corporate","link":"https:\/\/corporate.findlaw.com\/litigation-disputes\/insurers-must-pay-reasonably-estimated-future-asbestos-losses.html","title":{"rendered":"Insurers Must Pay Reasonably-Estimated, Future Asbestos Losses"},"content":{"rendered":"
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Fuller-Austin Company ("Fuller-Austin"), a defendant in the asbestos litigation, filed suit seeking a declaration of its insurance coverage for tens of thousands of asbestos claims. Fuller-Austin Insulation Co. v. Fireman's Fund Insurance Co., Case No. BC 116835 (Cal. Super. Ct. 1994). In connection with its bankruptcy proceedings, a court-approved asbestos settlement trust was created to pay all pending and future asbestos claims. Fuller-Austin then obtained an order in its coverage case, requiring its liability insurers immediately to pay future asbestos damages to the extent they could be reasonably estimated. A California jury recently found Fuller-Austin's asbestos-related liabilities capable of reasonable estimate, and held its insurers liable to the trust for nearly $189 million. Fuller-Austin, Case No. BC 116835 (Verdict May 2, 2003). Several London and U.S. insurers reportedly plan to appeal.<\/p>

If you have any questions about Fuller-Austin or any other insurance issue, please do not hesitate to contact any of the following attorneys in the Insurance Coverage Group at McCarter & English, LLP:<\/p>

Andrew T. Berry<\/a> Sherilyn Pastor<\/a> Gita F. Rothschild<\/a><\/p><\/div>","protected":false},"excerpt":{"rendered":"

Fuller-Austin Company (“Fuller-Austin”), a defendant in the asbestos litigation, filed suit seeking a declaration of its insurance coverage for tens of thousands of asbestos claims. Fuller-Austin Insulation Co. v. Fireman’s Fund Insurance Co., Case …<\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_categories":[6522,6520,6527],"class_list":["post-37050","corporate","type-corporate","status-publish","hentry","corporate_categories-litigation-disputes__civil-litigation","corporate_categories-litigation-disputes","corporate_categories-litigation-disputes__civil-litigation__product-liability"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate\/37050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=37050"}],"wp:term":[{"taxonomy":"corporate_categories","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_categories?post=37050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}