Honeywell Case Tests NJ Policyholders' Asbestos Liability
Law360, Los Angeles (December 14, 2016, 9:32 PM EST) -- New Jersey's high court recently agreed to review a decision that Honeywell International Inc. doesn't have to help cover costs tied to certain asbestos-related injury suits filed after insurers started excluding asbestos coverage, and experts say a ruling reversing the lower court could expand policyholders' liability for claims over the toxic mineral.
The New Jersey Supreme Court on Monday granted a petition for certification from a pair of excess insurers, St. Paul Fire and Marine Insurance Co. and parent Travelers Casualty and Surety Co., in their bid to overturn the decision handed down by a state appellate panel in July. The...
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