November 20, 2014
Defunct Porter Hayden Co. sought approval Thursday for a $15 million settlement of its asbestos injury coverage dispute with two American International Group Inc. insurers, telling a Maryland federal judge the deal will shield the insurers from future litigation over the asbestos claims and immediately benefit claimants.
April 01, 2014
A Maryland federal judge on Monday largely upheld a pair of American International Group Inc. insurers' suit seeking to bar coverage from defunct insulation seller Porter Hayden Co. for its asbestos injury suits, finding that she can't rule on the reasonableness of the underlying settlements.
January 03, 2014
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.