Insurers Can't Escape Exxon Mobil Asbestos Coverage Suit

Law360, New York (January 31, 2013, 5:36 PM EST) -- Everest Reinsurance Co. and a W.R. Berkley Corp. insurance affiliate can't bid farewell to Exxon Mobil Corp.'s sprawling lawsuit against hundreds of insurers over asbestos claims until some discovery is done, a New York state judge ruled during a hearing Thursday. 

Judge Lawrence K. Marks said arguments made by Everest and Carolina Casualty Insurance Co., including that Exxon Mobil's allegations against them were too vague or didn't have the requisite documentation, were premature and would be better fleshed out once discovery kicks into high gear....
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