Lloyd's gets some good news in court rulings: policy holders, investors may benefit from decisions. (Lloyd's of London)

From: Los Angeles Business Journal | Date: June 17, 1996| Author: Rackham, Anne | Copyright information

DOWNTOWN L.A. - Lloyd's of London has been prevailing recently at the appellate court level in some major lawsuits over environmental damage and other liabilities, providing a glimmer of hope for Lloyd's investors, who stand to lose their-assets in a reorganization plan, and for Lloyd's policy holders worried that the insurer's financial woes could leave them with no coverage.

Early this month, the 2nd District Court of Appeal in Los Angeles threw out a $106 million award ju...

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