N.J. Supreme Court: Asbestos Claims Are Not Covered Under Insolvent Insurer's Policies

N.J. Supreme Court: Asbestos Claims Are Not Covered Under Insolvent Insurer's Policies

TRENTON, N.J. - Asbestos claims against a bankrupt insured manufacturer are not covered under excess comprehensive general liability insurance policies issued by its insolvent insurer, the New Jersey Supreme Court held June 19, finding that the doctrine of collateral estoppel applies (In the matter of the liquidation of Integrity Insurance Co./The Celotex Asbestos Trust, No. 068970, N.J. Sup.; 2013 N.J. LEXIS 588).

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