Goodyear Says Travelers Must Cover Future Asbestos Suits

Law360, New York (January 29, 2013, 12:53 PM EST) -- Goodyear Tire and Rubber Co. launched a declaratory judgment suit in Ohio on Tuesday to stop Travelers Casualty and Surety Co. from backing out of future coverage for asbestos related claims that have already cost the company hundreds of millions of dollars.

In a complaint filed in the Northern District of Ohio, Goodyear claims Travelers owes it defense and indemnity coverage under policies issued by predecessor Aetna Casualty and Surety Co. in the 1960s and 1970s, but that the insurer has told it that effective Monday,...
To view the full article, register now.