NJ Justices Uphold Honeywell Win In Asbestos Coverage Row
Law360 (June 27, 2018, 3:41 PM EDT) -- Honeywell International Inc. scored a victory Wednesday when the New Jersey Supreme Court said the company doesn’t have to help foot the bill for asbestos-related suits over automotive products filed after insurance for such claims became unavailable in 1987, dealing a blow to insurers in a long-running coverage action.
In upholding a state appellate court ruling in Honeywell's favor, a majority of the justices refused to depart from the unavailability rule set forth in the high court’s 1996 opinion in Owens-Illinois Inc. v. United Ins. Co., rejecting the insurers’ bid for an exception on the grounds that Honeywell and its predecessors...
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