Asbestos Defendant That Can't Locate Policies Must Pay Share of Defense Costs

HARTFORD, Conn. - A company that could not account for the whereabouts of several of its insurance policies dating back to the 1950s has been assessed nearly half the costs of defending itself against asbestos-related lawsuits in Connecticut. Security Insurance Co. of Hartford v. Lumbermens Mutual Casualty Co., et al., No. CV-96-0475565 (Conn. Super. Ct.).

The Connecticut Superior Court in Hartford ruled May 9 that ACMAT must assume its equitable share, or 50 percent, of all past, present and future defense costs associated with claims filed against the company in Bridgeport, Conn.

Formerly known as the Acoustical Materials Corporation, ACMAT …