California Judge Interprets Asbestos Liability Policies In Insurers' Favor

California Judge Interprets Asbestos Liability Policies In Insurers' Favor

SAN FRANCISCO - A California judge on Jan. 31 sided with insurance companies in a long-running dispute with Chapter 11 bankruptcy debtor Plant Insulation Co. over insurance policy coverage for asbestos personal injury claims, finding that the "completed operations" and "products hazard" definitions of the policies apply only where the bodily injury in a given policy period occurs after the operations have been completed or possession of the product has been relinquished (Plant Insulation Company v. Fireman's Fund Insurance Company, et al., No. 06-448618, Calif. Super., San Francisco Co.).

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