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IN RE PRUDENTIAL LINES, INC.

Bankruptcy No. 86-11773 AJG, Adv. No. 90-6830A.

202 B.R. 13 (1996)

In re PRUDENTIAL LINES, INC., Debtor. Lee J. DiCOLA, Trustee of the PLI Disbursement Trust, Plaintiff, v. AMERICAN STEAMSHIP OWNERS MUTUAL PROTECTION AND INDEMNITY ASSOCIATION, INC., Defendant.

United States Bankruptcy Court, S.D. New York.

November 5, 1996.

Attorney(s) appearing for the Case

Franklin B. Velie, Salvatore A. Santoro, Christy & Viener, New York City, and Richard H. Brown, Jr., Kirlin, Campbell & Keating, New York City, for American Steamship Owners Mutual Protection and Indemnity Association, Inc.

Alan Kellman, The Maritime Asbestosis Legal Clinic, A Division of the Jaques Admiralty Law Firm, Detroit, MI, for plaintiffs-intervenors Asbestosis Claimants.

Harold D. Jones, Pryor, Cashman, Sherman & Flynn, New York City, for Lee J. DiCola, Trustee of the PLI Disbursement Trust.

MEMORANDUM DECISION ON REMAND TO DETERMINE THE APPLICATION OF DEDUCTIBLES TO ASBESTOSIS CLAIMS

ARTHUR J. GONZALEZ, Bankruptcy Judge.

The instant controversy requires the Court to determine the number of deductibles the defendant insurance company may apply before indemnifying its insured for the thousands of claims filed as a result of claimants' exposure to asbestos while working aboard the insured's marine vessels. The issues discussed below were...

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