NJ Justices Fortify Insureds In Asbestos Coverage Gap Fights
Law360 (June 29, 2018, 11:32 AM EDT) -- New Jersey’s high court bolstered policyholders embroiled in complex multiyear insurance disputes by ruling Wednesday that Honeywell International Inc. doesn’t have to help pay for asbestos injury suits filed after coverage for such claims became unavailable, with the court refusing to ax or limit a long-standing rule assigning liability for those periods to insurers.
In upholding an appellate court ruling in Honeywell's favor, a majority of the justices declined to depart from the so-called unavailability rule, or unavailability exception, set forth in the state high court’s landmark 1994 opinion in Owens-Illinois Inc. v. United Ins. Co. Honeywell has been locked in...
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