Colorado justices ponder whether insurer should save company from asbestos suits

In Colorado, the Supreme Court is debating whether an insurer should cover a company's asbestos lawsuits despite the company's insolvency. Some justices seemed doubtful that an insurance policy should take over from other policies once the company can't pay. This case is unusual because it was referred directly to the state's highest court by a federal judge, highlighting the complexity and potential implications for insurance law and corporate liability. The outcome could significantly affect how companies manage and pay for environmental liabilities.