Law360, Wilmington (May 24, 2012, 8:49 PM ET) -- ACE American Insurance Co. demanded changes Thursday to Hostess Brands Inc.'s plan to handle tort claims outside of court, saying the bankrupt Twinkie maker's alternative dispute resolution process needs to comport with its insurance policies.
With 434 liability claims potentially covered under its policies and subject to the alternative dispute resolution proposal, ACE lodged an objection in New York bankruptcy court outlining various aspects of the plan that it said could impinge on the insurer's rights or run afoul of state insurance laws.
“[T]he ADR procedures...
ACE Objects To Hostess' ADR Plan For Tort Claims
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