NEW YORK - A trial justice erred in granting an insolvent insurer's liquidator's motion to disallow an insured's coverage claims for asbestos personal injury lawsuits and to release $6 million that was previously directed to be held in escrow for the payment of the claims, a New York appeals panel held March 7(In re liquidation of Cosmopolitan Insurance Co.; Blackman Plumbing Supplies Inc. v. Superintendent of Financial Services, et al., No. 42638/80, N.Y. Sup. App. Div., 1st Dept.; 2013...(read more)![]()
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