Insurers' Exhaustion Defense Fails In Asbestos Coverage Suit
By Andrew Scurria ( January 3, 2014, 5:37 PM EST) -- A Maryland federal judge ruled Thursday that defunct insulation purveyor Porter Hayden Co. could tap excess policies issued by a pair of American International Group Inc. insurers for indemnification of underlying asbestos injury suits even if its primary policies had not been completely exhausted....
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