Exxon Mobil Sues Hundreds Of Insurers Over Asbestos Coverage

Law360, New York (February 23, 2012, 4:29 PM EST) -- Exxon Mobil Corp. sued hundreds of insurers, including Lloyd's of London underwriters, in New York state court on Wednesday in a bid for coverage of thousands of underlying asbestos-related claims.

The oil giant asks the court to determine its own rights, as well as the obligations and duties of Continental Casualty Co., Travelers Indemnity Co., Zurich International Ltd. and scores of other insurers, in relation to the underlying actions over deaths, injuries and diseases allegedly caused by asbestos-containing materials or products.

The complaint breaks down the...
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