One of the lead lawyers defending a group of Lloyd‘s of London underwriters, London market insurers and U.S. insurers against Fuller-Austin Trust said he is disappointed by the $189 million jury verdict and that there will definitely be an appeal.
A Los Angeles County jury earlier this week found the group of Lloyd‘s of London underwriters, London market insurers, Stonewall Insurance Company and Highlands Insurance Company should pay some $189 million to cover part of Fuller-Austin Trust‘s estimated future asbestos claims.
Prior to the trial, however, most insurers involved in the lawsuit had settled out of court. They include Security Insurance Company of Hartford, AIG, CNA and Chubb, as well as Fireman‘s Fund.
