6th Circuit Affirms Decision for Insurance Company in Asbestos-Related Coverage Dispute
December 13, 2011
CINCINNATI -- The U.S. Court of Appeals for the 6th Circuit has upheld a lower court's decision in favor of an insurer, which was found to have paid the maximum coverage under the policies' Product Hazard cap. Bondex International, et al., v. Hartford Accident and Indemnity Co., et al., Nos. 08-4735, 09-3091, 09-3092, 09-3304, 09-3307 (6th Cir.).
In the Nov. 28 opinion, the appellate court opined that the policies' language and limits extended to asbestos-related claims associated with a company the appealing parties had purchased and assumed the assets and liabilities of.
RPM Inc. and its two subsidiaries, Bondex International …