Posted on 07.26.24

Penn National Can’t Avoid Asbestos Coverage Payout, SC Supreme Court Says

Source: https://www.insurancejournal.com/, July 26, 2024

Pennsylvania National Mutual Casualty Insurance Co. cannot escape the long tail of asbestos, and must cover part of the litigation losses for an asbestos installation company that went out of business more than 30 years ago, the South Carolina Supreme Court decided this week.

The justices upheld lower courts’ rulings in favor of Covil Corp. and its receiver, with some minor modifications. Read more.

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