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Vermont Court Sides With Ambassador Insurance in Allocation of Asbestos Losses

March 8, 2022

The Vermont Supreme Court has denied a bid by a manufacturer of asbestos products to bypass Vermont law in determining the allocation of losses for insurance purposes.

In so doing, the Vermont court sided with Ambassador Insurance Co., which has been under liquidation in the state since 1987, and against Atlanta-based Georgia Pacific Corp.’s Bestwall Gypsum Co., which produced and sold products containing asbestos for decades.

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