Montana Judge Rules Against in Insurer in $43M Asbestos Settlement

A Montana judge says a Nebraska-based insurance company is liable for a $43 million settlement between the state and people sickened by exposure to asbestos from a Libby vermiculite mine.

National Indemnity Co. paid $16 million toward the 2009 settlement but later sued to recover the money.

State District Judge Holly Brown said in ruling last week that the insurance company breached its duty to defend the state against damage claims by asbestos victims.