Allstate Nears Asbestos Coverage Deal With Insurers

Law360, New York (February 2, 2011, 8:04 PM EST) -- The federal judge overseeing Allstate Insurance Co.'s suit seeking contribution from two fellow insurers for asbestos exposure claims coverage has temporarily nixed the parties' separate bids to toss the suit while they work toward a settlement.

Judge Cynthia M. Rufe of the U.S. District Court for the Eastern District of Pennsylvania on Monday dismissed without prejudice, with leave to reinstate if settlement fails, Allstate's motion for partial summary judgment as well as defendants Century Indemnity Co. and Greater New York Mutual Insurance Co.'s separate motions for...
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