A recent bankruptcy case offers a cautionary tale to asbestos defendants who are watching their insurance assets dwindle as claims continue to be filed.
The state's legislative response presents an interesting case study on government efforts to curb the impact of bad faith laws as a result of lessons learned from this tragedy.
The liability limits sold to the class representative were approximately 4.5% higher than they would have been had defendants based those limits on reconstruction cost without debris removal, the suit alleged.