Insurer, Manufacturer Trust End $5M Asbestos Coverage Row

Law360, New York (May 18, 2012, 6:02 PM EDT) -- Ohio-based Transport Insurance Corp. and the trust for a bankrupt materials manufacturer agreed Friday to resolve their dispute over $5 million in coverage the trust had sought from the insurer as the manufacturer faces more than $1 billion in asbestos-related health claims overall.

In a motion to stay the dispute in Illinois federal court, the Artra 524(g) Asbestos Trust and Transport said the two had agreed on a settlement in principle and that they were in the process of finalizing the settlement agreement. Terms of the...
To view the full article, register now.




Case Information

Case Title

ARTRA 524(g) Asbestos Trust v. Fairmont Premier Insurance Co. et al

Case Number



Illinois Northern

Nature of Suit

110(Contract: Insurance)


Honorable Sharon Johnson Coleman

Date Filed

January 22, 2009

Law Firms

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.