17 Carriers Owe Asbestos Coverage To Pump Cos., Jury Finds

Law360, New York (November 16, 2012, 9:20 PM EST) -- Weighing a case worth hundreds of millions of dollars, a Delaware state jury found Thursday that 17 excess carriers should cover asbestos injury claims against Warren Pumps Inc. and Viking Pump Inc., while 16 of the carriers should pay underlying defense costs.

The jury verdict form considered alone indicates that defense costs in the underlying asbestos suits would not count toward meeting the limits on excess policies that are triggered, though attorneys for the excess insurers hotly dispute whether that's the case. Judge Fred Silverman will...
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