Travelers Settles With 2 Cos. Over Goodyear Claims

Law360, New York (October 19, 2009, 3:52 PM EDT) -- Travelers Indemnity Co. has reached settlements with two French reinsurers, Assurance Generales de France SA and La Fonciere Compagnie D'Assurances, in a breach of contract suit over claims stemming from an environmental settlement with Goodyear Tire & Rubber Co.

Travelers filed motions Friday in the U.S. District Court for the District of Columbia seeking dismissals of its claims against the French reinsurers, saying it has finalized settlements with them.

Lawyers representing Travelers and the French reinsurers declined to comment on the settlements, noting that they are...
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