Insurer Can’t Object to Asbestos Makers’ Bankruptcy, Despite Fraud Concerns

A liability insurer has no standing to object to its insured’s bankruptcy plan, even if the carrier feels that the plan unfairly exposes it to potentially fraudulent claims, a federal appeals court decided this week in an asbestos case that …

from News Archives - Insurance Journal https://ift.tt/iavMk2A
via IFTTT