Lloyd's Told To Pay Part Of Shipyard Asbestos Defense

Law360, New York (January 5, 2010, 5:48 PM EST) -- A federal judge has ordered Jacksonville Shipyards Inc. liability insurers Lloyd's of London and London Market Insurers to fork over $840,000 to two excess insurers that bore the brunt of costs arising from asbestos and silica litigation against the shipyard company.

Judge Edward Harrington of the U.S. District Court for the District of Massachusetts ruled Monday that the London insurers should pay 30 percent of the $2.8 million in defense costs already paid by Stonewall Insurance Co. and Seaton Insurance Co.

“We’re gratified the judge ruled...
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