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Insurance

Sep. 1, 2010

Construction Company Settles Claims

A $150 million settlement agreement between The Flintkote Co. and Aviva Insurance Co. of Canada was finalized Aug. 27, putting an end to the six-year-old insurance case.

By Kari Hamanaka

Daily Journal Staff Writer

Aviva Insurance Co. agreed to pay $150 million to The Flintkote Co. in exchange for having the six-year-old insurance case brought against it dismissed with prejudice in a settlement agreement finalized Aug. 27. The 2004 lawsuit, filed by Flintkote in the U.S. District Court for the Northern District of California sought to recover insurance payouts from Aviva for asbestos-related injury claims tha...

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