Haskell Sues Travelers, Others For Cleanup Coverage

Law360, New York (October 22, 2012, 6:39 PM EDT) -- Haskell Properties LLC sued Travelers Insurance Co. and other insurers Friday in New Jersey federal court, arguing that the insurers refused to honor pre-existing contracts for cleanup coverage after Haskell bought environmentally contaminated property from a bankrupt corporation.

Haskell argued that its July 2000 purchase of Haskell, N.J. property from General Ceramics Inc., formerly known as National Beryllia Corp., came with insurance policies that were transferred as assets in the sale, which the insurers are now refusing to honor.

Under the terms of the sale, the...
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