Insurers To Shell Out $65.5M For Lead Paint Claims

Law360, New York (June 21, 2011, 4:10 PM EDT) -- A Louisiana state court on Monday began notifying potential class members that a group of insurance companies had agreed to pay $65.5 million to settle claims that lead paint in New Orleans public housing sickened thousands of children.

The settlement fund will be created with contributions from separate settlement agreements with National Union Fire Insurance Co., Lexington Insurance Co., U.S. Fire Insurance Co., Louisiana Insurance Guaranty Association, Starr Indemnity & Liability Co., Scottsdale Insurance Co. and Travelers Insurance Co, the court notice said.

Scottsdale paid out...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.