Excess Insurers Not Allowed To Relitigate NJ Asbestos Claims

By Kira Lerner (September 30, 2014, 6:28 PM EDT) -- A New Jersey appeals court on Tuesday rejected a group of excess insurers' claims that they should be relieved from covering IMO Industries Inc. under a $1.85 billion insurance program for underlying asbestos claims, finding the excess insurers should not be allowed to revisit individual, settled claims where the defense has already been paid by the primary insurers....

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