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Mealey's Toxic Tort/Environmental - Insurer's Settlement For Asbestos Liabilities Is Void Under Louisiana Law

NEW ORLEANS - The Fourth District Louisiana Court of Appeal on Oct. 21 reversed a trial court's ruling that a 2013 settlement between an insurer and its insured for underlying asbestos liabilities prohibits third-party plaintiffs from recovering damages from the insurer after determining that the settlement essentially annulled the policies at issue in violation of Louisiana law (Nelcome J. Courville Jr., et al. v. Lamorak Insurance Co., et al., No. 2019-C-0902, La. App., 4th Cir., 2019 La. App. LEXIS 1862).
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