Court Says Liberty Mutual Must Pay Full Asbestos Settlements

By Eli Flesch (June 17, 2021, 8:38 PM EDT) -- Liberty Mutual must pay asbestos exposure victims the full settlements it negotiated on behalf of a defunct valve maker, a New York state court has found, saying the insurer couldn't pay for only periods in which it had active policies with the manufacturer.

In a decision filed Wednesday, Justice Arthur Engoron said Liberty Mutual was responsible for the full share of the settlements because it was bound to defend and indemnify New Jersey manufacturer Jenkins Bros. after it dissolved in 2004 following its bankruptcy in 1989. Declared the "real party-in-interest" for that reason, Liberty Mutual "stood in the shoes" of Jenkins...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!