A Montana judge says a Nebraska-based insurance company is liable for a $43 million settlement between the state and people sickened by exposure to asbestos from a Libby vermiculite mine.
National Indemnity Co. paid $16 million toward the 2009 settlement but later sued to recover the money.
State District Judge Holly Brown said in ruling last week that the insurance company breached its duty to defend the state against damage claims by asbestos victims.
Brown said because of that breach the company could not deny coverage for the settlement.
Montana Department of Administration spokeswoman Amber Conger said that the state was pleased with the judge’s ruling, but declined further comment because the case is ongoing.
National Indemnity did not immediately respond to a request for comment.
Topics Carriers Legislation
Was this article valuable?
Here are more articles you may enjoy.
Consumer Acceptance of Telematics Widens, Says Survey 
Adjusters Launch ‘CarFax for Insurance Claims’ to Vet Carriers’ Damage Estimates 
Alliant Latest to Sue Howden US Over Alleged ‘Smash-and-Grab’ Poaching 
Wildfires, Storms Fuel 2025 Insured Losses of $108 Billion: Munich Re Report 
