Judge Stays Indemnity Action Against Insurers, Insurance Broker

Judge Stays Indemnity Action Against Insurers, Insurance Broker

NEW YORK - A federal judge in New York on March 13 stayed a port authority's lawsuit seeking a determination of indemnity obligations from various insurance companies and an insurance broker pending the resolution of an underlying personal injury lawsuit regarding asbestos exposure (The Port Authority of New York and New Jersey v. Kraft Power Corp. f/k/a W.A. Kraft Corp., et al., No. 11-5624, S.D. N.Y.; 2012 U.S. Dist. LEXIS 33876).

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